Actual Cost in March Cost Formula $16,400 plus $0.18 per s Utilities Maintenance machine-hour Supplies $0.50 per machine-hour$ 21,440 s 55,900 8,800 $94,600 plus $1.70 per s 126,100 69,800 machine-hour $38,700 plus $1.30 per Indirect labor machine-hour Depreciation $68,100 During March, the company worked 16,000 machine-hours and produced 0,000 units. The company had originally planned to work 18,000 machine- hours during March. Required 1. Complete the report showing the activity variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total 2. Complete the report showing the spending variances for March. (Indicate the effect of each variance by selecting "Fo favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) FAB C Spending Variances ation For the Month Ended March 31 Utilities Maintenance Supplies ndirect labor Depreciation Total