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 corrpany'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 rever used a lexible bucgel, and you suggest that preparing such a budges would be an excellen. Pirellep in overhead planning and control After much effort and analysis, you determined the following cost formules and gathered the following actual cost data for March: Actal Contin Cast Formule $16.500 ph $0.19 maior 538 ann $1 40 per machine-tour $0.90 per nachine Pour $84,500 plus 31.40 per machine tour $88,300 3 3 Maintenance Supplies Indirect labor Deprecation . O 20500 3 70.000 During March, the company worked 21.000 machine hours and produced 15,000 units. The company had originally planned to work 23.000 machine hours during March Required: 1. Complete the resort showing the chuity variances for March (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.o., zero variance Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 31 Markerence Supplies Indirect labor Depreciation 2. Complete the report showing the spending variances for Marah. (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect (i..zero variance). Input all amounts as positive FAB Corporation Spending Variances For the Month Ended March 31 Utilities Mainbenance Selles Indirect labor Depreciation