You have Just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you revlew 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 exceilent first step in overhead planing and controi. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost ata for March: 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. Prepare a fiexible budget for March. 2. Prepare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Prepare a flexible budget for March. (Input all amounts as positive values.) Complete this question ty entering your annwers in the tabs balow. Prepare a flexible budget for March. (Input all amounts as positive values.) Prepare a report showing the spending variances for March. (Indicate the "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input a