After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Cost Formula Actual Cost in March Utilities $16,700 plus $0.15 per machine-hour $ 21,650 Maintenance $38,100 plus $2.00 per machine-hour $ 73,900 Supplies $0.40 per machine-hour $ 8,200 Indirect labor $95,000 plus $1.20 per machine-hour $ 121,100 Depreciation $67,900 $ 69,600 During March, the company worked 19,000 machine-hours and produced 13,000 units. The company had originally planned to work 21,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March.

FAB Corporation
Activity Variances
For the Month Ended March 31
Utilities
Maintenance
Supplies
Indirect labor
Depreciation
Total

FAB Corporation
Spending Variances
For the Month Ended March 31
Utilities
Maintenance
Supplies
Indirect labor
Depreciation
Total