Packaging Solutions Corporation manufactures and sells a wide variety of packagi

Question

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products.Perfomance reports are prepared monthly for each department The planning budget and fexble budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: 10.50? 5 4.400 +3 200q 5,700 $ 0.70 5 1,800 020q 18,300 3.10q 8,300 5 2.800 $13200+3 0 804 Indirect labor Ubities Supples Factory rent Property tanes The actual costs incurred in March in the Production Department are isted below Actual noumed in Direct labor Indirect labor Uines 5 12,180 S 9,100 2870 31.010 $ 8,700 5 2.800 15.870 Factory rent Property taxes Factory adminisraon hours in Math Complete the Production Department's planning budget for 1, The company had budpeted for an activity evel of 4,300b Production Department Planning Budget For the Month Ended March 31 Direct labor Indinect laber hines aetory rent Poperty 18 O Type here to search

Explanation / Answer

1) Production department Planning Budget

Fixed Amount
$ Hourly Rate
   $ Hours Planning Budget
        $ A B C A+(B*C) Direct Labour 16.5 4,300 70,950 Indirect Labour 4,400 2.00 4,300 13,000 Utilities 5,700 0.70 4,300 8,710 Supplies 1,600 0.20 4,300 2,460 Equipment Depreciation 18,300 3.10 4,300 31,630 Factory Rent 8,300 0 4,300 8,300 Propert Taxes 2,800 0 4,300 2,800 Factory Administration 13,200 0.80 4,300 16,640 154,490

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