packaging solutions corporation Chapter 8 HW ezto mheducation.com/hm.tpx-0 93185

Question

packaging solutions corporation Chapter 8 HW ezto mheducation.com/hm.tpx-0 9318574453354124 1510891361500 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 $16.50q S 4,300+ 1.50g 5,100+5 0.70q S 1,600+S 0.10q $18,200 $ 2.90q $8,400 $2,800 $13,100-$ 0.80 The actual costs incurred in March in the Production Department are isted below Actual Cost Incurred in March 5 69,270 s 9930 s 8,500 Direct labor Indirect tabote Utlities Suppfies Equipment depreciation Factory rent Proper taxes Factory administration 2,240 5 30090 S 8,800 s 2.800 15,770 Required -The company hod budgeted tor an activity sevel o' 300 labor-no ts in Maren Comptets the Production Depertments pianning budges for tne month Packaging Solutions Corporation Production Department Planning Budget For the Month Ended March 31

Explanation / Answer

Ist Question

1. Planning budget

2. Flexible budget

3. Flexible budget performance report

IInd Question

1. Flexible budget

2. Spending variance

Direct labor $70950 Indirect labor 10750 Utilities 8110 Supplies 2030 Equipment depreciation 30670 Factory rent 8400 Property taxes 2800 Factory administration 16540 Total expense $150250

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