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 in March s 28,758 61,1e8 16,90e $132,98e Cost Formula Utilities Maintenance Supplies Indirect labor $94,08 plus $2.00 per machine-hour Depreciation $16,188 plus $e.15 per machine-hour $38,888 plus $1.58 per machine-hour $0.90 per machine-hour $68,300 During March, the company worked 17,000 machine-hours and produced 11,000 units. The company had orlginally planned to work 19,000 machine-hours during March. Required 1. Calculate the activity varlances for March. 2 Calculate the spending varlances for March