I'm sure I am making a careless mistake but I cant figure out what I'm doing wrong. Please help!!
Packaging Solutions Corporation manufactures and sells a wide variety 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 $16.309 $4,100 + $1.489 $5,800 + $0.309 $1,400 + $0.109 $18,700 - $2.404 $8.200 $2,400 $13,200 + $0.700 The Production Department planned to work 4,500 labor hours in March, however it actually worked 4.300 labor-hours during the month its actual costs incurred in March are listed below Direct Tabor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March 5.71,670 $9,580 $ 7,540 $ 2,060 5 29,020 58,620 $ 2,400 $ 15,580 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 (Lee variance). Input all amounts as positive values.) Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Ended March 31 Actual Flexible Results Budget 4,300 4,300 Planning Budget 4.500 Labor-hours Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense $ 71.670 9,580 7.540 2060 29,020 8,600 2.400 15,580 $ 1,580U 540 IF 450U 230 U 0 None 400U 0 None (630) $ 2,57030 OOOOOOO $ 70.090 $ 3.280 F 10,120 280F 7.090 60F 1.830 20F 29.020 480 8.200 0 None 2.400 0 None 16,210 2303 $144,870 S 4.330 lolololol OOOOOO s 73,350 10.400 7.150 1,050 29,500 200 2,400 16,350 5 149.100 $ 146,450