question:
pictures for format referencing:
Chapter 9 - GHA #7 Saved Help 1 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 is the number of labor-hours worked in a month: 10 points Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Pactory administration Cost Formulas $16.600 $4,300 + $1.800 $5,100 + $0.709 $1,300 + $0.300 $18,100 + $2.709 $8,100 $2,700 $13,500 + $0.904 eBook References 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. Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $ 66,380 $ 10,860 $ 8,360 $ 2,740 $ 28,630 $ 8,500 $ 2,700 $ 16,420 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, including both the spending and activity variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 1 Check 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, including both the spending and activity variances. 10 points Complete this question by entering your answers in the tabs below. clock Required 1 Required 2 Required 3 References 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 Equipment depreciation Factory rent Property taxes Factory administration Total expense Required 2 > ME GEN Prev 1 of 1 Next MacBook Pro Help Save & Exit Sub 1 Check my w 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, including both the spending and activity variances. 10 points Complete this question by entering your answers in the tabs below. Book Required 1 Required Required 3 References Prepare the Production Department's flexible budget for the month Packaging Solutions Corporation Production Department Flexible Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense Required 1 Required 3 > ME GEW Prev 1 of 1 Next MacBook Pro Help Save & Exit Check my 1 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, including both the spending and activity variances. 10 points Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Required 3 ol References Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances. (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (.e, zero variance). Input all amounts as positive values.) Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Ended March 31 Actual Flexible Results Budget 3.900 Planning Budget Labor hours $ 66,380 10.800 8.300 2.740 Direct labor Indirect labor Utities Supplies Equipment depreciation Factory rok Property taxes Factory administration 28.630 8.500 2.700 16.420 Total expense $ 144,590 ME Prev 1 of 1 Next MacBook Pro
