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Just number 3. Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning

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Just number 3.

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 Cost Formulas $16.509 $4,200 + $1.500 $5,700 + $0.309 $1,500 + $0.109 $18, 600 + $3.009 $8,400 $2,800 $13, 400 + $0.909 Equipment depreciation Factory rent Property taxes Factory administration The Production Department planned to work 4.200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Indirect labor Utiltles Supplies Equipment depreciation Factory rent Property taxes Tactory administration Actual Cost Incurred in March $ 67,620 $ 9,680 $ 7.350 $ 2,130 $30,600 $ 8,800 $ 2,800 $16,410 3. Calculate the spending variances for al expense items. Complete this question by entering your answers in the tabs below. Required Required Required Calculate the spending variances for all expense items. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e. Show more Packaging Solutions Corporation Spending Variances For the Month Ended March 31 Actual Spending Flexible Results Variances Budget Labor hours 4,000 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense $ 67,620 9.680 7,350 2.130 30.600 8.800 2.800 16.410 $ 14523902

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