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a https://mymu.marshall.edu/Pages/default.aspx Chapter 9 Assignment O Content ezto.mheducation.com QUestion 2 Saved - Chapter 9 Assignment - Connect 00 oo [Solved] Packaging Solutions Corporation man... Help Save & Exit Submit Check my work 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: Cost Formulas 5 points eBook Print References Graw Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Required: $16.5q $5 , 100 $1,600 $18,700 + $3.0q $8,500 $13,600 $ 67,620 $ 11,120 $ 8,430 $ 3,070 $ 30,700 $ 8,900 $ 3,000 $ 14,930 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances. < Prev 2 of 2 Next