need required 1 & 2

After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Cost Formula Utilities $16,800 + $0.12 per machine-hour Maintenance $38,100 + $1.70 per machine-hour Supplies $0.40 per machine-hour Indirect labor $94,000 + $1.60 per machine-hour Depreciation $67,900 Actual Cost in March $ 20,760 $ 62,500 $ 7,000 $123,700 $ 69,600 During March, the company worked 16,000 machine-hours and produced 10,000 units. The company had originally planned to work 18,000 machine-hours during March Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March. (Indicate the effect of each variance by selectir unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive FAB Corporation Activity Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Cost Formula Utilities $16,800 + $0.12 per machine-hour Maintenance $38, 100 + $1.70 per machine-hour Supplies $0.40 per machine-hour Indirect labor $94,000+ $1.60 per machine-hour Depreciation $67,900 Actual Cost in March $ 20,760 $ 62,500 $ 7,000 $123,700 $ 69,600 During March, the company worked 16,000 machine-hours and produced 10.000 units. The company had originally planned to work 18,000 machine-hours during March Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the spending variances for March. (Indicate the effect of each variance by selecti unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive va FAB Corporation Spending Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total