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 March: During March, the company worked 17,000 machine-hours and produced 11,000 units. The company had oniginally planned to work 19,000 mochine-hours during March Required: 1. Colculate the activity vonances for March 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below. Calculate the attivity vanances for March. (Indicate the elfect of each variance by sclecting "F" for fivorable, "U" for unfiavorable, and None" for no effect (1.e, zero vanance). Input all amounts as positive values.) Juring March, the company worked 17,000 machine-hours and produced 11,000 units. The company had originally planned to work 9,000 machine-hours during 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 variances for March. (Indicate the effect of each variance by selecting "f for favorable, "U" for unfavorable, and "None" for no effect (1,e, zero vanance). Input all amounts as positive values.) 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. 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 spending variances for March. (Indicate the effect of each varnance by selecting "F" for favorable, "u* for. unfavorable, and "None" for no effect (L.e, zero variance). Input oll amounts as positive values.)