Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared month. Its actual costs incurred in March are listed below:

Required:

Prepare the Production Department's planning budget for the month.

Prepare the Production Department's flexible budget for the month.

Prepare the Production Department's flexible budget performance report for March, including both the spending and activity

variances.

Complete this question by entering your answers in the tabs below.

Required $1$

Prepare the Production Department's flexible budget for the month.

Equipment depreciation

Factory administration

Total expense $\backslash$table$[[,\backslash$table$[[$Actual Cost$],[$Incurred in$],[$March$]]],[$Direct labor,$$65,970],[$Indirect labor,$$9,330],[$Utilities$,$$$7,740],[$Supplies$,$$$2,530],[$Equipment depreciation,$$28,050],[$Factory rent,$$8,900],[$Property taxes,$$2,600],[$Factory administration,$$15,290]]$

Required:

Prepare the Production Department's planning budget for the month.

Prepare the Production Department's flexible budget for the month.

Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances.

Complete this question by entering your answers in the tabs below.

Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances.

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.

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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:

The Production Department planned to work $4,100$ labor$-$hours in March; however, it actually worked $3,900$ labor$-$hours during the

month. Its actual costs incurred in March are listed below:

Required:

Prepare the Production Department's planning budget for the month.

Prepare the Production Department's flexible budget for the month.

Prepare the Production Department's flexible budget performance report for March, including both the spending and activity

variances.

Complete this question by entering your answers in the tabs below.

Prepare the Production Department's planning budget for the month.