More Than One Cost Driver

Exercise 9-14 (Algo) Flexible Budget Performance Report in a Cost Center [LO9-1, LO9-2, LO9-3, LO9-4] Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Its Production Department's planning budget and flexible budget are based on the following formulas, where q is the number of labor-hours worked in a month: The Production Department planned to work 4,300 labor-hours in March; however, it actually worked 4,100 labor-hours during the month. Its actual costs incurred in March are listed below: Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Prepare the Production Department's flexible budget performance report for March. Dransro the Drndurtion nensrtmant'c flavihle budget for \begin{tabular}{|l|l|l|} \hline Required 1 & Required 2 & Required 3 \\ \hline \end{tabular} Prepare the Production Department's planning \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Packaging Solutions Corporation } \\ \hline \multicolumn{2}{|c|}{ Production Department Planning Budget } \\ \hline & \\ \hline Direct labor & \\ \hline Indirect labor & \\ \hline Utilities & \\ \hline Supplies & \\ \hline Equipment depreciation & \\ \hline Factory rent & \\ \hline Property taxes & \\ \hline Factory administration & $ \\ \hline Total expenses & 0 \\ \hline \end{tabular} vallatice). lmput dil almounts ds positive values