Preparing Production Department's Flexible Budget Report
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Prepare the Production Department's flexible budget performance report for March, including both the activity and spending variances. (Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.)
Packaging Solutions Corporation
Production Department Flexible Budget Performance Report
For the Month Ended March 31
Activity Variances Spending Variances
Direct labor $
$
indirect labor
Utilities
Supplies
Equipment depreciation
Factory rent
Property taxes
Factory administration
Total expense $
$
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Solution Summary
This solution helps prepare a production department's flexible budget report. The solution is given in an Excel file.
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