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: Actual Cost Cost Formula in March Utilities $16,100 plus $0.15 per machine-hour 20,900 Maintenance $38,300 plus $1.20 per machine-hour 56,100 7,800 Supplies $0.40 per machine-hour Indirect labor $94,100 plus $1.60 per machine-hour $127,000 69,800 Depreciation $68,100 During March, the company worked 18,000 machine-hours and produced 12,000 units. The company had originally planned to work 20,000 machine-hours during March