please answer req 1 and req 2. Thank You.

Problem 9.23 (Algo) Flexible Budgets and Spending Variances [LO9-1, LO9-2] You huve just been hired by EAB Corporation, the manulactuter of a revolutionary new garage door opering device. The president has asked that you rovew the companys costing system and "do what you can to heip us get better control of our manutacturing overhead costs: You fiod that the company has never ised a fiexble budget, and you sugest that preparing such a budget would be an excellent first step in ovorthesd planning and control. Aser much elfort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: During March, the compary worked 16.000 machine-hours and produced 10,000 units. The company had originaly plarned to work 18.000 machine-hours duing March Aequired: 1. Prepare a Eenble budget for Merch 2. Prepare a report showing the spondno vartances for March Cemplete this questien by entering your answers in the tabs below. mepare a Ferible trosget for Merch. (thoit all amounts as postive values) 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. Prepare a flexible budget for March. (Input all amounts as positive values.) Required: 1. Prepare a flecible budget for March. 2. Prepare a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Prepare a report showing the spending variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "S' for untavorable, and "None" for no effect (le, zero vanance), Input al amounts as postuve values.)