You havejust been hired by FAB Corporation, the manufacturer ofa 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 rst 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 March: Actual Cost in Cost Formula March Utilities $16,498 + $8.19 per- machinehour $ 221199 Maintenance $38,798 + $1.79 per' machine-hour $ 68J269 Supplies $9.99 per- machinehour- $ 18J799 Indirect labor- $94,998 + $1.79 per- machine-hour $1311599 Depreciation $67,698 $ 69J399 During March, the company worked 19,000 machinehours and produced 13,000 units. The company had originally planned to work 21,000 machinehours during March. Required: 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 (i.e., zero variance}. Input all amounts as positive values.) Utilities Maintenance Supplies Indirect labor Depreciation Required 2 > Required 1 Required 2 Calculate the spending variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Utilities Maintenance Supplies Indirect labor Depreciation Total ( Required 1