18 value 10.00 points 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 Actual Cost Cost Formula in March Utilities $16,800 plus $0.16 per machine-hour 21,800 Maintenance $38,500 plus $2.00 per machine-hour 72,300 Supplies $0.90 per machine-hour 17,800 Indirect labor $94,900 plus $1.60 per machine-hour 127,800 Depreciation $68,500 70,200 During March, the company worked 18,000 machine-hours and produced 12,000 units. The company had originally planned to work 20 machine-hours during March