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Exerclse 9 - 1 5 ( Algo ) Flexlble Budget Performance Report In a Cost Center [ LO 9 - 1 , LO 9 -
Exerclse Algo Flexlble Budget Performance Report In a Cost Center LO LO LO LO 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 ls the number of laborhours worked in a month: The Production Department planned to work laborhours in March; however, It actually worked laborhours 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 $ $ $ $ $ $ $ $ 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 for favorable, for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
Exerclse Algo Flexlble Budget Performance Report In a Cost Center LO LO LO LO
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 ls the number of laborhours worked in a month:
The Production Department planned to work laborhours in March; however, It actually worked laborhours 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
$
$
$
$
$
$
$
$
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 for favorable, for unfavorable, and "None" for no effect ie zero variance
Input all amounts as positive values.
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