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You have just been hired by OpenDoor 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 April: Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $17,500 plus $0.14 per machine-hour $39,400 plus $2.70 per machine-hour $0.70 per machine-hour $95,000 plus $1.80 per machine-hour $68,300 Actual Cost in April $ 22,100 $ 86,850 $ 13,450 $132,000 $ 70,700 During April, the company worked 18,000 machine-hours and produced 13,000 units. The company had originally planned to work 20,000 machine-hours during April Required: 1. Prepare a flexible budget for April OpenDoor Corporation Flexible Budget For the Month Ended April 30 Flexible Budget Machine-hours Utilities Maintenance Supplies Indirect labor Depreciation Total 2. Prepare a report showing the spending variances for April (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) OpenDoor Corporation Spending Variances For the Month Ended April 30 Flexible Actual Budget Results Spending Variances Utilities Maintenance Supplies Indirect labor Depreciation Total

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