Please Solution With detail And do not give solution in images format otherwise give downbot ? 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.is during March.Required 1 Required 2Calculate the activity variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" forunfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)UtilitiesMaintenanceSuppliesIndirect laborDepreciationTotalFAB CorporationActivity VariancesFor the Month Ended March 31Show Transcribed TextmuruRequired:1. Calculate the activity variances for March.2. Calculate the spending variances for March.TotalUtilitiesMaintenanceSuppliesIndirect laborDepreciationRequired 1Complete this question by entering your answers in the tabs below.FAB CorporationSpending VariancesFor the Month Ended March 31cRequired 2 >Required 1 RequiredCalculate the spending variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" forunfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)< Required 1Tiau originallyRequired 2 >wompany nad originally p You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president hasasked that you review the company's costing system and "do what you can to help us get better control of our manufacturingoverhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would bean 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 March:Cost FormulaUtilitiesMaintenance.Supplies$16,000+ $0.14 per machine-hour$38,100+ $1.80 per machine-hour$0.60 per machine-hourIndirect labor $94,700+ $2.00 per machine-hourDepreciation$68,500Required:1. Calculate the activity variances for March.2. Calculate the spending variances for March.ActualCost inMarch$ 20,040$ 60,700$ 9,400During March, the company worked 14,000 machine-hours and produced 8,000 units. The company had originally planned to work16,000 machine-hours during March.$127,600$ 70,200Complete this question by entering your answers in the tabs below.FAB CorporationActivity VariancesRequired 1 Required 2Calculate the activity variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" forunfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Name: Please Solution With detail And do not give solution in images for
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please Solution With detail And do not give solution in images format otherwise give downbot ? Required:1. Calculate the activity variances for March.2. Calculate the spending variances for March.Complete this question by entering your answers