Problem 9-18 (Algo) Activity and Spending Variances (L09-1, LO9-2, LO9-3) You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president hos 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 Control 516,600.30:17 hour Malatenance $18.900.000 per machine Hupplies 30.10 perine.hu The late 184,500 11.10 prehoue Depreciation 568,000 Actual Coutin Haroh 9.21.260 68.100 $12.00 $115.600 70,100 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 Required 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 10 point Complete this question by entering your answers in the tabs below. Tequired Required Calculate the activity variances for March (Indicate the effect of each variance by selecting is for tavorable, "U" for unfavorable, and one for no effect hero variance), Tout amounts es positive values.) FAB Corporation Activity Variance For the Month Ended March 31 Us Maintenance 4.000 Supplies 1400 Indirector 2.2001 Depreciation None Total 7.9401 3401 Ragured 2 > During Morch, the company worked 16,000 machine-hours and produced 10,000 units. The company had originally planned to w 18,000 machine-hours during March. Required: 1 Calculate the activity variances for March 2. Calculate the spending variances for March binte Complete this question by entering your answers in the tabs below. o Water Required equired Calculate the spending vartances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "Nonw" for no effect . nere variance), Input all amounts as positive values.) VAB Corporation Spending Variances For the Month Ended March 31 Us Maintenance Supplies Indirect labor Deprecation Total