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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: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.609 $4,500 + $1.50 $5,400 + $0.409 $1,500 + $0.409 $18,400 + $3.000 $8,300 $2,800 $13,300 + $0.80 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: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $ 69, 700 $ 10,130 $ 7,510 $ 3,430 $ 30,700 $ 8,700 $ 2,800 $ 15,970 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. Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.40 pounds 8.25 hours Direct materials Direct labor Standard Price or Rate $ 2.40 per pound $11.50 per hour Standard Cost $15.36 $ 2.88 During the most recent month, the following activity was recorded: a. Seventeen thousand five hundred pounds of material were purchased at a cost of $2.20 per pound. b. All of the material purchased was used to produce 2.500 units of Zoom. c. 475 hours of direct labor time were recorded at a total labor cost of $5.938. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. (For all requirements, 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. Round your intermediate calculations to the nearest whole dollar.) Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance