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 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 Match Utilities Maintenant Indirect labor Supplies Depreciation Cost famila $16.50 $0.10 par wachine-hour $33,200 52.00 per wachine-hour 50.88 per machine-hour 594,400 + 51.50 per machinebour 566,100 Actual Cost in March $ 22,25 $70,000 $ 17,400 $11.ee 589,00 During March the company worked 20,000 machine hours and produced 14.000 units. The comany had originally planned to work 22 000 machine-hours during March Required: 1. Calculate the activity variances for March 2 Calculate the spending variances for March