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You have just been hired by OpenDoor Corporation, the manufacturer of a revolutionary new garage d opening device. The president has asked that you review the company scosting system and do what you can to help us get better control of our manufacturing overhead costs You find thatthe company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent finst 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 Actual Costin $18.100 plus S020 per machine-hour 23700 Maintenance $40.000 plus S1.70 per machine-hour S 62,900 11400 Supplies Indirect labor $95.000 plus S195 per machine-hour 131.025 Depreciation $38,000 During April, the company worked 15500 machine-hours and produced 10500 units.The oompany had originally planned towork 17500 machine-hours during Apri Required: 1. Frepare a fexible budgetforApril. openDoor Corporation Flexible Budget For the Month Ended April 30 Flexible 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 TF for favorable. U forunfavorable.and None for no effect (ie, zero variance open Door Corporation Spending Variances For the Month Ended April 30 Spending Variances Maintenance Supplies Indirect labor Depreciation