During March, the company worked 22,000 machine-hours and produced 16,000 units. The company had originally planned to worh 24,000 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. Calculate the activity variances for March. (Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "Mone for no effect (i.e., zero variance). Input all amounts as positive values.) After much effort and anaysis, you determined the following cost formulas and gathered the following actual cost data for Marchi During March, the company warked 22,000 machine-hours and produced 16,000 units. The company had originally plannied to work: 24,000 machinethours 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. Calculate the spending variancas for March. (Indicate the effect of each variance by sefecting. "F for favorable. "W" for " unfavorable, and "None" for no effect (i.e. zero variance. Input ail amounts as positive values.)