After much effort and analysis, you determined the following cost formulas and gathered the following...
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Accounting
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 $16.500 + $0.16 per machine-hour 538,000 $2.00 per machine-hour 50.60 per machine-hour $94, 300 + $2.00 per machine hour $68,00 Actual Cost in March $ 21,340 $ 69,500 $11,200 5133,280 $ 70,00 During March the company worked 17.000 machine hours and produced 11000 units. The company had originally planned to work 19.000 machine hours during March. Required: 1 Calculate the activity variances for March 2. Calculate the spending variances for March Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March (todicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "Nono" for no effect (ies zero variance). Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 31 Utilities 2,120 F Maintenance 12.200) U Supplies 1,000 XF Indirect labor 4900 F Depreciation 1,700 F Total 5 7.520 OOOO
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