You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March During March, the company worked 15.000 machine hours and produced 9.000 unts. The company had onginally planned to work 17.000 mochirtethours during March. Required: 1. Prepare a flexible budget for March. 2. Prepare a report showing the spending variances for March. Complete this guestion by entering your answars in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a flexible budget for March. (Input all amounts as positive values.) Prepare a report showing the spending variances for Marchi (tngecate the effect of each variance ty telecting "F for favorabie, "iu" for unfavorable, and "None" for no nffect (i,e., Rero variance). Input all ameunts as poetive yahiet.)