You have just been hired by FAB corporation, the manufacturing of a revolutionary new garage door opening device. the president has asked that Your review the companies 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 use a flexible budget and you suggest that preparing such a budget would be an excellent first step and overhead planning and control.

After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,600 + $0.14 per machine-hour $38,900 + $1.70 per machine-hour $0.60 per machine-hour $94,600 + $1.40 per machine-hour $68,300 Actual Cost in March $ 21,760 $ 73,500 $ 14,200 $129, 100 $ 70,000 During March, the company worked 22,000 machine hours and produced 16,000 units. The company had originally planned to wo 24,000 machine-hours during March Complete this question by entering your answers in the Required 1 Required 2 Calculate the activity variances for March. (Indicate the effect o unfavorable, and "None" for no effect (1.e., zero variance). Inpu FAB Corporation Activity Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total Reguted