completed so far. It does not indicate completic Return to After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March. Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,700 + $0.19 per machine-hour $38,800 + $1.20 per machine-hour $0.90 per machine-hour $94,600 + $1.90 per machine-hour $67,900 Actual Cost in March $ 21,730 $ 53,000 $ 15,100 $127,800 $ 69,600 During March, the company worked 15,000 machine hours and produced 9,000 units. The company had originally planned to work 17,000 machine-hours during March. Required: 1. Calculate the activity variances for March 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. Laus Delow. 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 (.e., zero variance). Input all amounts as positive values.) FAB Corporation Spending Variances For the Month Ended March 31 Utilities 1,800 U Maintenance 6.200 F Supplies 200 X U Indirect labor 900 X U Depreciation 1.700 U $ Total 2.000 F