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 manufocturing overhead costs; "You find that the company has never used a flexibie 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 Morch: During March, the company worked 21,000 machine-hours and.broduced 15,000 unita. The company had originally planned to work 23,000 machine-hours daring March. Required: 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. Calculate the activity vatiances for March. Note: Indicate the effect of esch variance by selecting "F" for favorable, "U" for unfavorable, ond "None" for no nffect (Cie. zero variance). Input all amounts as positive values 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. Calculate the activity variances for March. Note: Indicate the effect of each varlance by selecting "F" for favorable, " J " for unfavorable, and "None" for no clfect (itfo zero varlance). Input all amounts as positlve valies, Complete this question by entering your answers in the tabs below. Calculate the spending variances for March. Note: Indicate the effect of each variance by sefecting "F" for favot abst., "U" for unfavorable, and "None" for no effect (le.. zero varlancey. Input af amounts as positive values