Top Chapter 9 Saved 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: 5 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $15.804 $ 8,200+$ 1.609 $ 6,400 + $ 0.809 $ 1100+$ 0.409 $23,000+ $ 3.709 $8,400 $ 2,100 $ 11,700+ $ 1.904 The actual costs incurred in March in the Production Department are listed below: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $134.730 $ 19,860 $ 14,570 $ 4,980 $ 54,080 $ 8,700 $ 2,100 $ 26,470 Prev 1 of 4 Next > 18 aty d A MacBook Air 80 888 90 DI 74 FS F6 17 pter 9 Saved Factory administration $ 26,470 Required: 1. The company had budgeted for an activity level of 8,000 labor-hours in March. Complete 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 $ Prev 1 of 4 Next > 18 ety A MacBook Air 80 888 F4 Du FS FO F2 2. The company actually worked 8,400 labor-hours in March. Complete 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 $ 0 Prev 1 of 4 Next > 18 atv A MacBook Air 80 999 F2 ga F4 FS 17 FB %23 $ Saved hapter 9 3. Complete 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 Floxible Budget Performance Report For the Month Ended March 31 Spending Variances Activity Variances Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense Prev 1 of 4 13 Next > 18 ty MacBook Air 80 F2 FG