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Answer required 2 and 3 please Exercise 9-16 Flexible Budgets in a Cost Center (LO9-1, LO9-2] I Packaging Solutions Corporation manufactures and sells a wide
Answer required 2 and 3 please
Exercise 9-16 Flexible Budgets in a Cost Center (LO9-1, LO9-2] I Packaging Solutions Corporation manufactures and sells a wide varfety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where is the number of labor hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $15.000 $8,200 + $1.6e $6,400 + $0.889 $1,100 - 50.400 $23,000 - $3.709 $8,40 $2,1ee $11,700 + $1.989 Book Terences The Production Department planned to work 8.000 labor-hours in March, however, it actually worked 8.400 labor-hours during the month. Its actual costs incurred in March are listed below Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $134,730 $ 19,560 $ 14,570 14,950 $ 54,000 $ 3,00 52,100 $ 26,470 Required: 1. Prepare the Production Department planning budget for the month 2. Prepare the production Department's nexible budget for the month 3. Calculate the spending variances for all expense items Complete this question by entering your answers in the tabs below. Required Red Required Prepare the production Department's exible budget for the month Packaging Solutions Corporation Production Department at taget For the Month Ended March 31 Step by Step Solution
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