I would appreciate if you showed the workings, thanks in advance! I'll be sure to give a thumps up :)

story new gara 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: merou na Cost Formula Utilities $16,100 plus $0.20 per machine-hour Maintenance $38,200 plus $1.30 per machine-hour Supplies $0.30 per machine-hour Indirect labor $94,800 plus $1.20 per machine-hour Depreciation $68,300 Actual Cost in March $ 22,900 $ 64,500 $ 7,300 $125,700 $ 70,000 During March, the company worked 23.000 machine-hours and produced 17.000 units. The company had originally planned to work 25,000 machine-hours during March. Required: 1. Prepare a flexible budget for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) FAB Corporation Flexible Budget For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total 2. Prepare a report showing the spending variances for March (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i... zero variance). Input all amounts as positive values.) FAB Corporation Spending Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total