Problem 9.23 (Algo) Flexible Budgets and Spending Variances (LO9-1, LO9-2] You have just been hired by FAB Corporation, the manufacturer of a rovolutionary 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 manulacturing overhead costs. "You find that the company has never used a fesibio budget, and you suggest that pecoaring such a budget would be an excelient first step in overthead planning and canted After much effort and anolysis, you determined the following cost formulas and guenered the following actusl cost data for March Durng March, the compery worked 10.000 machine-houn and produced 13.000 unts. The company had originaly planned to work 21000 machice heurs during March. Required: 1. Prepare a flexible bidget for March. 2. Prepare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. During March, the company woeked 19,000 machine-hours and produced 13,000 units. The company had oxiginally planned to work 21,000 machine-hours during March Required: 1. Prepare a Sexble budget for March, 2. Propare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Prepare a flexibie budget for March. (Input alt amounts as positive waives.) Problem 9.23 (Algo) Flexible Budgets and Spending Variances (LO9-1, LO9-2] You have just been hired by FAB Corporation, the manufacturer of a rovolutionary 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 manulacturing overhead costs. "You find that the company has never used a fesibio budget, and you suggest that pecoaring such a budget would be an excelient first step in overthead planning and canted After much effort and anolysis, you determined the following cost formulas and guenered the following actusl cost data for March Durng March, the compery worked 10.000 machine-houn and produced 13.000 unts. The company had originaly planned to work 21000 machice heurs during March. Required: 1. Prepare a flexible bidget for March. 2. Prepare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. During March, the company woeked 19,000 machine-hours and produced 13,000 units. The company had oxiginally planned to work 21,000 machine-hours during March Required: 1. Prepare a Sexble budget for March, 2. Propare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Prepare a flexibie budget for March. (Input alt amounts as positive waives.)