You havejust been hired by FAB Corporation, the manufacturer of a revolutionary neviI 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 nd that the company has never used a exible budget, and you suggest that preparing such a budget would be an excellent rst step in overhead planning and control. After much effort and anaiysis, you determined the following cost formulas and gathered the following actual cost data for Ma rch.' Actual Cost Cost Formula in March Utilities $16,666 + $6.1? per machinehour $ 22,656 Maintenance $38,166 + $1.?6 per machine-hour 5 11,466 Supplies $6.36 per machinehour 5 19,866 Indirect labor $95,096 + $2.16 per machinehour $ 143,466 Depreciation $6?,966 5 69,666 During March, the company worked 23,000 machinehours and produced 17,000 units. The company had originally planned to work 25,000 machinehours during March. Req uired: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March. (Indicate the effect of each variance by selecting \"F" for favorable, \"U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Utilities _