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    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



    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.