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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. Direct labor Indirect labor Utilities 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: Supplies Equipment depreciation. Cost Formulas $16.30q $4,300+ $1.40q $5,500+ $0.909 $1,300 $0.309 $18,200 $2.60q $8,400 Factory rent Property taxes Factory administration $2,700 $13,600 + $0.60q Actual Cost Incurred in March $ 65,150 $ 9,220 $ 9,580 $ 2,740 $ 28,340 $ 8,800 $ 2,700 $ 15,290 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. Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below.

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Packaging Solutions Corporation manufactures and sells a wide varlety of packaging products. Performance reports are prepared monthly for each department. The planning budget and fiexlble 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 Hsted below: Requlred: 1. Prepare the Production Department's planning budget for the month. 2 Prepare the Production Department's flexibie budget for the month. 3. Calculate the spending variances for all expense items. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare the Production Department's planning budget for the month. Complete this question by entering your answers in the tabs below. Prepare the Production Department's flexible budget for the month. Complete this question by entering your answers in the tabs below. Calculate the spending variances for all expense items. (Indicate the effect of each variance by selecting " F " for favorable, for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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