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 companies costing system and do what you can to help us get a better control of our manufacturing overhead cost. You find that the company has never used a flexible budget and suggest that preparing such a budget would be an excellent first step in overhead planning and control. after much effort and analysis you determine the following cost formulas and gather the following actual cost data for March

You have just been hired by FAB Corporation, the manufacturer of a revolutionary now garege 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 compary has never used a flexble budget, and you sugpest that preparing such a budgot would be ah excellent first step in overhead planning and control After much etfort and analysis, you determined the following cost formulas and gathered the following actuai cost data for March: During March, the company worked 18,000 machine hours and produced 12,000 units. The company had originally planned to woek 20.000 machine-hours during March. Required: 1. Caiculate the activity variances for March. 2. Caiculate the spending variances for March. Answer is not complete. Complete this question by entering your answers in the tabs below. Colculate the spending variances for March. (thiticate the effect of each variance by selecting "F" foe favorable, "Y" for You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president hos 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: During March, the company worked 18,000 machine-hours and produced 12,000 units. The company had originally planned to work 20,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Answer is not complete. Complete this question by entering your answers in the tabs below