Check my work 3 no You have just been wed by FAB Corporation, the manufacturer of a revolutionary new wage 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 formules and gathered the following actual cost data for March Cost in Cost Formula March Utsties $16,300 $0.18 per nachtne-hour $21,650 Maintenance $38,700 11:30 Machine-hour $ 53,30 Supplies $0.50 per machine-tour $7,00 Indirect labor $4,200 + $1.00 per nachtrout $123.900 Depreciation 558,30 370.000 During March, the company worked 14.000 machine hours and produced 8,000 units. The company had originally planned to work 16,000 machine-hours during March Required: 1 Calculate the activity variances for March 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below Required Required 2 Calculate the activity variances for March (Tradicate the effect of each variance by selecting for favorable for unfavorati and None" for no effect o variance), Input all amounts as positive values.) FAB Corporation