Problem 9-18 (Algo) Activity and Spending Variances (L09-1, LO9-2, L09-3) 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 Coat in Cost Porta arch Utilities 516,400.50.17 per machine-hour Maintenance $3,800 11.60 per machine 34,600 Supplies 10.50 per machine-hour 5.100 Indirect labor 194,100 31.0 per machine-hour Depreciation 367,700 3.69,400 $ 21,600 5131.000 During March, the company worked 18,000 machine-hours and produced 12,000 units. The company had originally planned to work 20,000 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 Calculate the activity variances for March (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and 'None" for no effect (ie, zero variance), Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 1 Required 1 Required 2 Calculate the activity variances for March. (Indicate t unfavorable, and "None" for no effect (i.e., zero varia FAB Corporation Activity Variances For the Month Ended March 31 Utilities F. Maintenance TITI F F Supplies Indirect labor Depreciation Total F None F