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 Book Pour Heterence Cost Formula Utilities $16.900 plus $0.13 per machine-hour Maintenance $38,700 plus $160 per machine-hour Supplies $0.60 per machine-hour Indirect $94,000 plus $200 per labor machine-hour Depreciation $68.200 Actual Cost in March $20.910 $ 59,700 $10,000 $ 128.900 69.900 LA Type here to search O BU 3 5 6 7 B T 0 E R O A S D F G H s K IZ IX C V B IN M. During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originally planned to work 17.000 machine-hours during March Required: 1. Complete the report showing the activity variances for March (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie., zero variance). Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 31 Us Maan Suches Indirector Depreciation De to search o D D INI 4 2 E R T Y C lo P G S F G C . Z V B N M AM 2. Complete the report showing the spending variances for March (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) FAB Corporation Spending Variances For the Month Ended March 31 Utilities Maintenance Supplies direct labor Depreciation Total Pres Next > you here to search O . OL 5 5 1 7 w E R T Y u 4 S D G H K B z B. N M (All AW Cu