Packaging luona corporeon menu sctures ano senso wie voney or packaging procureormance reports are prepared monthly for each department. The planning budget and fieoble budget for the Production Department are based on the following formules, where is the number of labor hours worked in a month Cost Formulas Direct labor 3161 Indirect labor 14,20 51 Uslities 55,100.50.400 Supplies 11.00.5.200 quipment depreciation 53.00 52 Factory rent 58.400 Property taxes 32. Factory adestration $13,500.50.600 The Production Department planned to work 4.300 labor-hours in Merch: however, actually worked 4300 labor-hours during the month. Its actuel costs incurred in Merch are listed below Actual Cost incurred March Direct labor $68,430 Indirect labor $11.520 Utilities 57.430 Supplies Equipment depreciation 32876 Factory rent S s. Property taxes 32,600 Factory administration $ 35,310 Requtred: 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 Merch, including both the spending and activity Variances Complete this question by entering your answers in the tabs below. Required: Required Required Prepare the production Department's feble budget perturmance report for March, including both the spending and activity variances. (Tedicate the effect of each variance by selecting to be Tovable, and one for no effect (.. Variance Input all amounts as positive values Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Enged Maren 31 Actual Flexible Planning Results Bunge Budgel Labor hours 4.100 Direct labor 68410 Indirector 115.20 Ulis Supplies Equipment direction 26.700 Factory 3.000 5 710 2470 2600 Property Factory administration Total 15310 56200 Packaging luona corporeon menu sctures ano senso wie voney or packaging procureormance reports are prepared monthly for each department. The planning budget and fieoble budget for the Production Department are based on the following formules, where is the number of labor hours worked in a month Cost Formulas Direct labor 3161 Indirect labor 14,20 51 Uslities 55,100.50.400 Supplies 11.00.5.200 quipment depreciation 53.00 52 Factory rent 58.400 Property taxes 32. Factory adestration $13,500.50.600 The Production Department planned to work 4.300 labor-hours in Merch: however, actually worked 4300 labor-hours during the month. Its actuel costs incurred in Merch are listed below Actual Cost incurred March Direct labor $68,430 Indirect labor $11.520 Utilities 57.430 Supplies Equipment depreciation 32876 Factory rent S s. Property taxes 32,600 Factory administration $ 35,310 Requtred: 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 Merch, including both the spending and activity Variances Complete this question by entering your answers in the tabs below. Required: Required Required Prepare the production Department's feble budget perturmance report for March, including both the spending and activity variances. (Tedicate the effect of each variance by selecting to be Tovable, and one for no effect (.. Variance Input all amounts as positive values Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Enged Maren 31 Actual Flexible Planning Results Bunge Budgel Labor hours 4.100 Direct labor 68410 Indirector 115.20 Ulis Supplies Equipment direction 26.700 Factory 3.000 5 710 2470 2600 Property Factory administration Total 15310 56200
