You have just been hired by OpenDoor 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 April Actual Cost Cost Formula Utilities Maintenance Supplies Indirect labor Depreciation $68,400 $17,600 plus $0.15 per machine-hour $39,500 plus $2.80 per machine-hour $0.80 per machine-hour $95,100 plus $1.90 per machine-hour in April 22,525 $ 90,300 $15,800 $ 135,100 $ 70,900 During April, the company worked 18,500 machine-hours and produced 13,500 units. The company had originally planned to work 20,500 machine-hours during April Required: 1. Prepare a flexible budget for April OpenDoor Corporation Flexible Budget For the Month Ended April 30 Flexible Budget Machine-hours Utilities Maintenance Supplies Indirect labor Depreciation Total 2. Prepare a report showing the spending variances for Aprl. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and None" for no effect (i.e., zero variance).) OpenDoor Corporation Spending Variances For the Month Ended April 30 Flexible Budget Actual Results Spending Variances Utilities Maintenance Supplies Indirect labor Depreciation Total