Problem 9-19 Activity and Spending Varlances [LO9-1, LO9-2, LO9.-3] You have just been hired by FAB Corporation, the manufacturer of a device. The president help us get be@er control of our manufacturing overhead costs. You a flexible budget, and you suggest that preparing such a budget would be an excelent first step in overhead planning and control revolutionary new garage door opening has asked that you review the company's costing system and do what you can to ind that the company has never used Ater much efort and ana)ysis, you determined the folowing cost formulas and gothered the following actual cost data for March Actual Cost Utities Maintenance Supplies Indirect labor Depreciation n March $16,500 plus $0.13 per machine-hour 20,250 $38,900 plus $1.90 per machine-hour 81,200 $ 7,300 $94,900 plus $1.40 per machine-hour $ 116,800 69,600 $0.50 per machine-hour $67,900 During March, the company worked 13,000 machine-hours and produced 7,000 units. The company had originally planned to work 15,000 machine-hours during March. Required: 1. mplete the report showing the activity variances for March Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive values.) Activity Variances For the Month Ended March 31 Utiities Supplies Indirect labor Total 2 Complete the 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 Spending Variances Month Ended March 31 Ublities Indirect labor Total