Exerclse $9-15($Algo$)$ Flexlble Budget Performance Report In a Cost Center $[$LO$9-1,$ LO$9-2,$ LO$9-3,$ LO$9-4]$

Packaging Solutlons Corporation manufactures and sells a wide varlety of packaging products. Performance reports are prepared

monthly for each department. The planning budget and flexlble budget for the Production Department are based on the following

formulas, where $q$ ls the number of labor$-$hours worked in a month:

The Production Department planned to work $4,400$ labor$-$hours in March; however, It actually worked $4,200$ 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 adninistration

Actual cost Incurred in March

$$69,600$

$$10,420$

$$8,230$

$$2,050$

$$30,680$

$$8,900$

$$2,890$

$$16,250$

Required:

Prepare the Production Department's planning budget for the month.

Prepare the Production Department's flexible budget for the month.

Prepare the Production Department's flexible budget performance report for March, Including both the spending and actlvity

varlances.

Complete this question by entering your answers in the tabs below.

Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances.

$($Indicate the effect of each variance by selecting $"F"$ for favorable, $"U"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$

Input all amounts as positive values.$)$