Check my work 2 25 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 conting 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 formules and gathered the following actual cost data for March Ket Cost in Cost formula March Utilities $16,100 $0.20 per machine hour $ 21,900 Maintenance $38,100 $2.10 per machine.hu $ 71,90 Supplies $0.50 per machine hour $ 9,800 Todirect labor 594,300 $10 per machine.hu 1121,200 Depreciation $ 69,900 BOG Hin Print References During March the company worked 18,000 machine hours and produced 12,000 units. The company had originally planned to work 20.000 machine hours during March Required: 1. Calculate the activity variances for March 2. Calculate the spending variances for March Check my 2 Complete this question by entering your answers in the tabs below. 25 point Det Required 1 Required Calculate the activity variances for March. (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and None" for no effect , ero variance) Input all amounts as positive values.) FAB Corporation Activity Varios For the Month nded March Utilities Maintenance Supplies Indirect labor Depreciation Total Heference Required 2 > 1 2 Complete this question by entering your answers in the tobs below. Required Required 2 25 points Calculate the spending variances for March (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as pbsitive values.) eBook Hint Print References For the Month Ended March 11 Usitis Maintenance Supplies Indirect labor Depreciation Total (Required 1