Requirement 3:

Prepare the Production Department's flexible budget performance report for March, including both the activity and spending variances. (Leave no cells blank - be certain to enter "0" wherever required. 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. Omit the "$" sign in your response.)

Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Ended March 31
	Activity Variances		Spending Variances
Direct labor	$	(Click to select) None F U	$	(Click to select) None F U
Indirect labor		(Click to select) F U None		(Click to select) F U None
Utilities		(Click to select) None U F		(Click to select) F U None
Supplies		(Click to select) F U None		(Click to select) None U F
Equipment depreciation		(Click to select) F None U		(Click to select) U F None
Factory rent		(Click to select) None U F		(Click to select) U F None
Property taxes		(Click to select) None F U		(Click to select) F U None
Factory administration		(Click to select) None U F		(Click to select) U None F
Total expense	$	(Click to select) F None U	$	(Click to select) None U F