Please answer Q1 (Required 1&2) Thank you

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 Cost Formula UELlities $15,200 + $0.20 per machine-hour maintenance $38,100 - $1.40 per machine-hou Supplies $0.30 per machine-hour Indirect labor $94,700 - $1.70 per machine-hour Depreciation 968.000 Actual Cost in March $ 22,200 461,300 $ 6,100 $131,300 69,700 During March, the company worked 19.000 machine-hours and produced 13,000 units. The company had originally planned to work 21000 machine-hours during March Required: 1. Prepare a flexible budget for March 2. Prepare a report showing the spending variances for Match Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a flexible budget for March (Input all amounts as positive values.) HAR During waren, une company workeu 19,000 machine-nours and produced is,000 units, ine company nau originally planned to 21,000 machine-hours during March. Required: 1. Prepare a flexible budget for March 2. Prepare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a flexible budget for March. (Input all amounts as positive values.) FAB Corporation Flexible Budget For the Month Ended March 31 Machine-hours Utilities Maintenance Supplies Indirect labor Depreciation Total Required 2 > Saved US Assignment uuning march, the company worked 19,000 machine-hours and produceu 13,000 units. The company nad originally planned 21,000 machine-hours during March Required: 1. Prepare a flexible budget for March. 2. Prepare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 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.e., zero variance). Input all amounts as positive values.) FAB Corporation Sponding Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total Required 1