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Can you help me with the second section on spending variances? 2. Award: 7.90 out of 10.00 points Show correct answer Problem 10-19 Activity and

Can you help me with the second section on spending variances?

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2. Award: 7.90 out of 10.00 points Show correct answer Problem 10-19 Activity and Spending Variances [LO10-1, LO10-2, LO10-3] 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: Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,900 plus $0.21 per machine-hour $38.200 plus $1.40 per machine-hour $0.80 per machine-hour $94.400 plus $1.50 per machine-hour $67,800 Actual Cost in March 22.270 55.800 S 13.400 $ 120,800 69.500 During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originally planned to work 17,000 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 420F Maintenance 2.800 IF pplies 1.600 Indirect labor 3.000 Depreciation 0 None Total S 7.820 F 2. Complete the report showing the spending 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 Spending Variances For the Month Ended March 31 Utilities (2.220) U Maintenance 3.400 F Supplies (1.400) X U Indirect labor (3,800) | Depreciation (1,700) | Total (5.820) 8J

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