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 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 Cost in utilities Maintenance Supplies Indirect labor Depreciation $16,500 plus $8.14 per machine-hour $38,700 plus $1.80 per machine-hour $0.40 per machine-hour $94,700 plus $1.20 per machine-hour $68,e00 s 21,800 s 77,580 $ 9,880 $125,600 $ 69,70e es During March, the company worked 23000 machine-hours and produced 17,000 units. The company had originally planned to work 25,000 machine-hours during March. 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 ). Input all a FAB Corpor Activity Variances For the Month Ended March 31 Total