Help Save & Exit Problem 9-23 (Algo) Flexible Budgets and Spending Variances [LO9-1, LO9-2] You have just been hired by FAB 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. ed After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Actual Cost in Utilities Cost Formula OK March $16, 500 + $0. 16 per machine-hour Maintenance $ 21, 500 $38, 100 + $2.00 per machine-hour $ 71, 900 nces Supplies $0. 70 per machine-hour $ 13, 800 Indirect labor $94, 300 + $1.20 per machine-hour $ 119, 200 Depreciation $67, 800 $ 69, 500 During March, the company worked 18,000 machine-hours and produced 12,000 units. The company had originally planned to work 20,000 machine-hours during March. Required: 1. Prepare a flexible budget for March. 2. Prepare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Next 5 of 5Help Problem 10-17 (Algo) Comparison of Performance Using Return on Investment (ROI) [LO10-1] Comparative data on three companies in the same service industry are given below: Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) Company A Company B Company C Sales $ 4,796,000 $ 1,076,000 Net operating income $ 767,360 $ 129, 120 Average operating assets $ 2,180,000 $ 3, 110,000 Margin % % 6% Turnover 1.70 Return on investment (ROI) % 4.80 % % 2 of 3 Next >