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 companys 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.

After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March:

	Cost Formula	Actual Cost in March
Utilities	$16,000 plus $0.12 per machine-hour	$	19,600
Maintenance	$38,800 plus $1.90 per machine-hour	$	61,100
Supplies	$0.80 per machine-hour	$	11,800
Indirect labor	$94,200 plus $1.90 per machine-hour	$	123,600
Depreciation	$67,800	$	69,500

During March, the company worked 13,000 machine-hours and produced 7,000 units. The company had originally planned to work 15,000 machine-hours during March.

Prepare a flexible budget for March. (Indicato the offect of each variance by selecting "F" for avorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all arnounts as posltive values.) Required: FAB Corporation Flexible Budget For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total