You have just been hired by FAB Corporation, the mamuactures of a revolutionary new gatape door opening device. The president has asked that you review the cornpany's costing systern and "do what you can to help es get better control of our machuficturing overhead costs. You find that the company thas never used a fexible budigot, and yoa sieggest that preparing such a budget would be an excellent first step in overthead planing and control. After much effort and analysis, you determined the following cont formulas and gathered the following actual cost data for March During March, the compary worked 20.000 machlhe hours and produced w.000 units: The compary had originally planned to work 22.000 machine hours during March. Required; 1. Calculate the activity varlances for March; 2. Calculate the spending varlances for March. Complete this question by entering your answers in the tabs below. Calculate the activity varlances for March, (Indicate the effect of each variance by selecting "F" for favorable, "v' for infavorable, and "None"' far no effect (i.e, zero varfance). Input all anounte as positive values.) During March, the company worked 20,000 machine-hours and produced 14,000 units. The company had oniginally planned to work 22.000 machine hours during March. Required: 1. Calculate the actlivity variances for March. 2. Calculate the spending variences for March, Complete this question by eatering your answers in the tabs below. Caiculate the activity variances for March, (tiudicate the effect of each variance by selecting "F for favorahte, "U" for Unfavorable, and 'None' for no effect (i.e, zero variance). Input all ansounts on positive vatues.)