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You hwve just been hired by FAB Coeporation, the manufacturer of a revolutionary few gurage door opering cesice. The president has asked thar you review the company's costing system and "do what you can to help us get betier control of our manutocturing onerhead costs. "You find that the compary has never used a flexble budget, and you suggest that preparing soch a budget would be an exceftent first step in quertiead planning and control Afer much effort and anabysh. you detemined the foflowing cost formulas and gathered the following actual cost data for March: Durirg March, the compary worked 16,000 machine hour and peodiced 10.000 units. Itye contpery had originwhy planned to work ste.000 machine hours during March: Alequired 1. Calculate the activify variancies far March. 2 Caiculate the spending wariances for March. Compiete this queation by eatering your answers in the tabs belir. Calceate the sgending variances for March, thocate the eltect of cach rariance by selecting Tr toe farieasie, "ut for 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 "E" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). input all amounts as positive values.) Complete this question by entering your answers in the tabs below. Calculate the spending variances for March. (Indicate the effect of each variance by selecting "F for favarable, ru" for unfavorable, and "None" for no effect (i.e., zero yariance). Input all amounts as positive values.) You hwve just been hired by FAB Coeporation, the manufacturer of a revolutionary few gurage door opering cesice. The president has asked thar you review the company's costing system and "do what you can to help us get betier control of our manutocturing onerhead costs. "You find that the compary has never used a flexble budget, and you suggest that preparing soch a budget would be an exceftent first step in quertiead planning and control Afer much effort and anabysh. you detemined the foflowing cost formulas and gathered the following actual cost data for March: Durirg March, the compary worked 16,000 machine hour and peodiced 10.000 units. Itye contpery had originwhy planned to work ste.000 machine hours during March: Alequired 1. Calculate the activify variancies far March. 2 Caiculate the spending wariances for March. Compiete this queation by eatering your answers in the tabs belir. Calceate the sgending variances for March, thocate the eltect of cach rariance by selecting Tr toe farieasie, "ut for 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 "E" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). input all amounts as positive values.) Complete this question by entering your answers in the tabs below. Calculate the spending variances for March. (Indicate the effect of each variance by selecting "F for favarable, ru" for unfavorable, and "None" for no effect (i.e., zero yariance). Input all amounts as positive values.)