I115 eEook -li"'. F'rin: eferences You havejust been hired by FAB Corporation, the manufacturer ofa 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 nd that the company has never used a exible 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: Act u a1 Cost Cost Formula in March Utilities $16,569 + $6.11 per machine-hour $ 19,959 Maintenance $38,669 + $1.89 per machine-hour $ 58,399 Supplies $9.56 per machinehour $ ?,399 Indirect labor $94,769 + $1.89 per machine-hour $ 122,699 Depreciation $6?,369 5 69,599 During March, the company worked 13.000 machine-hours and produced 1000 units. The company had originally planned to work 15,000 machinehours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Calculate the activity variances for March. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le... zero variance}. Input all amounts as positive values. Maintenance Supplies Indirect labor Depreciation Total Calculate the spending variances for March. Note: 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. Maintenance Supplies Indirect labor Depreciation