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 on excellent first step in overhead planning and control After much effort and analyulu, you determined the following cont formules and gathered the following actual cost data for Marche notual nout Couto in March Utilitie 016,300+ 0.20 per machine.hu 023, 300 Maintenance 31,800 92.00 per machine hour #82,600 fupplies 90.70 per machine hour 1,300 Indirect labor 400+ 1.10 per hour 122.00 Depreciation 660,400 70, 100 During Morch, the company worked 23,000 machine hours and produced 12000 units. The company had originally planned to work 25,000 machine-hours during March Required: Calculate the activity vacances for March 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below. Required: Required 2 Calculate the activity variances for March (Indicate the effect of each variance by selecting for favorable or unfavorable, and "None" for no effect (1. Vrance) Input all amount positive valus) FABI Gotion Activity Verlo Required Required 2 Calculate the activity variances for March (Indicate the effect of each variance by selecting ** for favorable, "U" for unfavorable, and "None" for no effect (1.6. zero variance). Input all amounts as positive values.) FAB Corporation Activity Varicos For the Month Ended Mar 31 Uutis Maintenance Supplies Indirect labor Depreciation Total Fund Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the spending variances for March (Indicate the effect of each variance by selecting for favorable, "U" for untavorable, and "None" for no effect (1. zero variance). Input all amounts as positive values.) FAB Corporation Spanding Varanger For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total