You have just been hired by FAB Corporaton, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company"s costing system and "do whot you can to help us get better control of our manufacturing overheod costs." You find that the company has never used a flexble budget, and you suggest that proparing such a budget would be an excelient first step in oyeshead planning and controt After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March. Duriag March, the company worked 15,000 machine-houls and produced 9,000 unts. The company had orlgnoly plonned to fork 17.000 machine-hours during March Required: Required: 1 Calculate the activity variances Sor Marich. 2. Caiculate the spencing varlances for Maren. Answer is complete but not entirely correct. Complete this question by entering your anwers in the tabs below. 2. Calculate the spending variances for March. \& Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the spending variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for untavorable, and "None" for no effect (i.e, zero variance). Input ail amounts as positive values.) You have just been hired by FAB Corporaton, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company"s costing system and "do whot you can to help us get better control of our manufacturing overheod costs." You find that the company has never used a flexble budget, and you suggest that proparing such a budget would be an excelient first step in oyeshead planning and controt After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March. Duriag March, the company worked 15,000 machine-houls and produced 9,000 unts. The company had orlgnoly plonned to fork 17.000 machine-hours during March Required: Required: 1 Calculate the activity variances Sor Marich. 2. Caiculate the spencing varlances for Maren. Answer is complete but not entirely correct. Complete this question by entering your anwers in the tabs below. 2. Calculate the spending variances for March. \& Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the spending variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for untavorable, and "None" for no effect (i.e, zero variance). Input ail amounts as positive values.)