overhead cocts." You find that the compeny has nover used a fexible budgec, and you tuppest that preparing such a budpet would be en excelient first step in ovserhesd planning and control. Ater much effort and aralysis. you determined the folowing cost formulas and gathered the following actual cost data for March: Dung March, the company worked 22,000 machine-hours and produced 16,000 unta. The compary had originsly pianned to work 24,000 eachire-Aours during March. Required; Calculate the sctuvity variances for Merch. 2 Calculare the spencing variances for March. Complete this question by entering your ansvers in the tabs below. Caloulate the activity variances for March. (Indicase the effect of each variance by selecting "F" for favorable, "U' for unfavorabie, and 'Nona' for no effect (Le, zero variance). Input all amounts as posteve values.) Complete this question by entering your answers in the tabs below. Calculate the tpending variances for March, (Indicate the effect of each variance by selecting "F' for favbrable." "U' for