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 q is the number of labor-hours worked in a month: Cost Formulas $16.50g $4,500 $1.40g 5,500 $0.80q $1,600 $0.20g $18,700 $2.60g $8,300 $2,700 $13,100 $0.80q Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration The Production Department planned to work 4,000 labor-hours in March; however, it actually worked 3,800 labor-hours during the month. Its actual costs incurred in March are listed below Actual Cost Incurred in Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $64,320 $9,280 $ 9,090 2,610 28,580 $ 8,700 $ 2,700 $15,530 Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Calculate the spending variances for all expense items. Complete this question by entering your an swers in the tabs below. Required 1 Required 2 Required 3 C Prev 1 of 5 Next> 28 $15,530 Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Calculate the spending variances for all expense items. Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 Prepare the Production Department's planning budget for the month. Packaging Solutions Corporation Production Department Planning Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Factory rent Property taxes Factory administration Total expense 0 Required 1 Required 2 Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Calculate the spending variances for all expense items. Complete this question by entering your answers in the tabs below. ds Required 1 Required 2 Require Calculate the spending variances for all expense items. (Indicate the effect of each variance by for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive val Packaging Solutions Corporation Spending Variances For the Month Ended March 31 Actual Results Spending VariancesFlexible Labor-hours 3,800 Direct labor Indirect labor Utilities Supplies Equipment depreciatiorn Factory rent Property taxes Factory administration Total expense S 64,320 9,280 9,090 2,610 28,580 8,700 2,700 15,530 $ 140,810 Required 2 Required 3
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