Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,700 + $0.18 per machine-hour $38,500 + $1.80 per machine-hour $0.70 per machine-hour $94,000 + $1.70 per machine-hour $68,000 Actual Cost in March $ 22,820 $ 75,500 $ 16,600 $ 135, 700 $ 69, 700 During March, the company worked 22,000 machine-hours and produced 16,000 units. The company had originally planned to work 24,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity 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.) Utilities FAB Corporation Activity Variances For the Month Ended March 31 $ 1,440F Maintenance 3,600 F Supplies Indirect labor Depreciation Total After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,700 + $0.18 per machine-hour $38,500 + $1.80 per machine-hour $0.70 per machine-hour $94,000 + $1.70 per machine-hour $68,000 Actual Cost in March $ 22,820 $ 75,500 $ 16,600 $ 135,700 $ 69, 700 During March, the company worked 22,000 machine-hours and produced 16,000 units. The company had originally planned to work 24,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate 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 Corporation Spending Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total