You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president his 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 March: During March, the company worked 17,000 machine-hours and produced 11,000 units. The company had originally planned to work 19,000 machine-hours during March. Required: 1. Caiculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Calculate the activity variances for March. (Indicate the effect of each variance by selectin unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive vi Complete this question by entering your answers in the tabs below. Calculate the spending variances for March. (Indicate the effect of each variance by selecting unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive value You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device asked that you review the company's costing system and "do what you can to help us get better control of our man overhead costs." Youlfind that the company has never used a flexible budget, and you suggest that preparing such 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 During March, the company worked 17,000 machine-hours and produced 11,000 units. The company had originall 19,000 machine-hours during March. Required: 1. Calculate the activity variances for March