Problem 9-18 (Algo) Activity and Spending Variances [LO9-1, LO9-2, LO9-3] You hove just been hired by FAB Corporation, the manutacturer of a revolutionary new garage door opening device. The prosident has asked that you review the company's costing system and "do what you can to help us get better control of out manutacturing ovethesd costs. "You find that the compeny hos never used a flevible budget and you suggert that preparing such a budget would be an excellent first step in overheod planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: During March, the company worked 17000 machine-hours and produced 11,000 units. The company had originally planned to work 19000 machine.hours during Morch Bequired: 1. Calculate the activily wanances for March 2 Calculete the spending variances Jor March Complete this question by entering your answers in the tabs below. to work 19,000 machine hours during March. Required: 1. Calculate the activily variances for March. 2 Calculate the spending variances for Mofch. Complete this question by entering your answers in the tabs below. Calculate the activity variances for March. (Indicate the effect of each variance by selecting "F* for favorable, "u" for unfavorable, and "Nane" for no effect (1.e, zero variance), Input all amounts as positive values.) to work 19,000 machine-hours during March. Required: 1. Calculate the octivity variances for March. 2. Calculate the spending variances for Magch Complete this question by entering your answers in the tabs below. Calculate the spending yariances for March. (Indicote the effect of each varlance by selecting "F" for favorable. " U ". for unfavorable, and "None" for no effect (i.e, rero vanance), thput al amounts, as positive values.)