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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: Actual Cost Cost Formula in March $16,700 plus $0.13 per machine-hour 20,450 Utilities Maintenance $38,500 plus $1.60 per machine-hour 56,300 Supplies $0.40 per machine-hour 5,800 Indirect labor $94,500 plus $1.20 per machine-hour 113,400 70,000 Depreciation $68,300 During March, the company worked 13,000 machine-hours and produced 7,000 units. The company had originally planned to work 15,000 machine-hours during March