The following Information apples to the questions displayed below.] You have Just been hired by FAB Corporation, the manufacturer of a revolutionary 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 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: Actual Cost Cost Formula In March Utilities Malntenance Supplles Indirect labor Depreclation $20,400 plus $.10 per machine-hour $40,200 plus $1.60 per machine-hour $.29 per machlne-hour $128,000 plus $.70 per machlne-hour $69,500 $23,400 $77000 $7,700 $146,340 $72,500 During March, the company worked 24,200 machine-hours and produced 13,300 units. The company had originally planned to work 28,600 machine-hours during March