Would you please help with the questions 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 5 suggest that preparing such a budget would be an excellent first step in overhead planning and control. points After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: eBook Actual Cost in Hint Cost Formula March Utilities $16, 000 + $0. 17 per machine-hour 20,520 Print Maintenance $38, 500 + $1. 80 per machine-hour 61, 100 Supplies $0. 40 per machine-hour 6,200 References Indirect labor $94, 300 + $1.50 per machine-hour 119,200 Depreciation $68 , 000 69, 700 During March, the company worked 14,000 machine-hours and produced 8,000 units. The company had originally planned to work 16,000 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. 5 Required 1 Required 2 points 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.) eBook FAB Corporation Hint Activity Variances Print For the Month Ended March 31 References Utilities Maintenance Supplies Indirect labor Depreciation Total Required 1 Required 2 5 Calculate the spending variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for points unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) FAB Corporation eBook Spending Variances Hint For the Month Ended March 31 Print Utilities References Maintenance Supplies Indirect labor Depreciation Total