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simple just confused You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president asked you
simple just confused
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president asked you to review the company's costing system and "do what you can to help us get better control of our manufacturing overtheid costs: "You find the company has never used a flexible budget, and you suggest preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you estimated the following cost formulas and gathered the following actual cost data for March: Dring March, the company worked 14,000 machine hours and produced 8,000 units, The company originally planned to work 16,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending varlances for March. Complete this question by entering your answers in the tabs below. Calculate the activity vanances for March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending varlances for March. Complete this question by entering your answers in the tabs below. Calculate the activity variances for March. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1,e. zero variance). Input all amounts as positive values. Required: 1. Calculate the actlvily variances for March. 2. Calculate the spending varlances for March. Complete this question by entering your answers in the tabs below. Calculate the spending varances for March. zero variance), triput all amounts as positive voluets Step by Step Solution
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