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please help me, I need both activity measure and spending variances ou have just been hired by FAB Corporation, the manufacturer of a revolutionary new

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please help me, I need both activity measure and spending variances

ou have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The presiden sked that you review the company's costing system and "do what you can to help us get better control of our manufacturing werhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would n 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: Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,400 + $0.11 per machine-hour $38,200 + $1.90 per machine-hour $0.60 per machine-hour $94,000 + $1.80 per machine-hour $68,100 Actual Cost in March $ 20,290 $ 68,100 $ 11,200 $129,100 $ 69,800 During March, the company worked 17,000 machine-hours and produced 11.000 units. The company had originally planned to work 19,000 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 selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total

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