You have just been hired by FAB Corporation, the manufacturer of a tevolutionary new garage door opening device. The president has asked that you reviow the companys costing system and "do what you can to help us get better control of our manufacturing owerhead costs. "You find that the company has never used a flexble budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and contiol. Afer much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: During March, the company worked 19,000 machine hours and produced 13,000 uniss. The company had originally planned to work 2t,ooo machine hours during March. Required: 1. Calculate the activity variances for March 2 Calculate the spending varlances for March. Complete this question by entering your answers in the tabs below. Calculate the wtivity variances for March. (Indicace the effect of each variance by selecting "F" for favorable, "U' for inftavorable, and "None" for no effect (l.e., zero vavience), Input all amounts as positive values.) You have just been hired by FAB Corporation, the manufacturer of a tevolutionary new garage door opening device. The president has asked that you reviow the companys costing system and "do what you can to help us get better control of our manufacturing owerhead costs. "You find that the company has never used a flexble budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and contiol. Afer much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: During March, the company worked 19,000 machine hours and produced 13,000 uniss. The company had originally planned to work 2t,ooo machine hours during March. Required: 1. Calculate the activity variances for March 2 Calculate the spending varlances for March. Complete this question by entering your answers in the tabs below. Calculate the wtivity variances for March. (Indicace the effect of each variance by selecting "F" for favorable, "U' for inftavorable, and "None" for no effect (l.e., zero vavience), Input all amounts as positive values.)