Please answer Required 1 and 2

Problem 9-23 Flexible Budgets and Spending Variances [LO9-1, LO9-2] 5 10 DOS You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The presid 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 budger wo an 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 Actual cost Cost Formula in purch Utilities 520,00 $0.10 per machine hour $ 24,200 Maintenance 540,000+ $1.6 per machine hour $70,160 Supplies 50.20 per machine hour $ 8,400 Indirect labor $100,000 50.70 per machine-hour $ 149,60 Depreciation 570,000 $71,500 Frances During March the company worked 26,000 machine-hours and produced 15,000 units. The company had originally planned to wo 30.000 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. Pored Required 2 Prepare a fiecle budget for Merch. (rout all amounts on positive values.) TAll Carpert E 06 a Type here to search O BE