IThe following information applies to the questions displayed below 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 $19,500 plus $.10 per machine-hour Utiliies Maintenance $41200 plus $160 per machine-hour Supplies indirect labor $128,000 plus $.70 per machine-hour Depreciation$69700 $24,800 $76.600 $9,000 $147 320 $71.400 $.21 per machine-hour During March, the company worked 25.600 machine-hours and produced 13100 units The company had onginally planned to work 29700 machine-hours during March