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-h a month: Direct labor Indirect labor Utilities Supplies Cost Formulas $16.300 E Equipment depreciation Factory rent Property taxes Factory administration $4,300 +$1.500 $5,300 $0.400 $1,400 $0.300 $18,200-$2.700 $8,400 $2,600 $13,800+ $0 600 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. Direct labor Indirect labor Utilities Supplies Actual Cost Incurred in March $ 66,780 $ 9,780 $ 7,370 $ 2.870 ET Equipment depreciation Factory rent Property taxes Factory administration Required: $ 29,000 $ 8,800 $ 2,600 $ 15,550 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Production Department's flexible budget for the month. Packaging Solutions Corporation Production Department Flexible Budget For the Month Ended March 31 Direct labor

Metal Works Corporation has a significant level of manufacturing overhead. After preparing their budget for the next year, management expects the following overhead costs (the cost driver for each overhead cost pool is also shown): Activity Total Cost   Cost Driver Maintenance $20,000   Machine hours Materials receiving 48,000   Shipments received Machine setups 8,000   # of setups Inspection 19,200   # of inspections The expected activity for the year for various cost drivers is: Cost Drivers Expected Activity Direct Labor Hours 32,000 Machine-hours 10,000 Shipments Received 4,000 Setups 80 Quality inspections 6,400 The company is considering accepting a significant production contract. Estimates for the contract are as follows: Contract Estimate Direct materials $96,000 Direct labor ( 640 hours) $128,000 Number of material shipments received 200 Number of inspections 320 Number of setups 8 Number of machine-hours 1,200…

Brant Consulting designs costing and transfer pricing system for its clients. Here is a summary of volume, revenue, and cost expectations for the upcoming year: Item Costing Projects Per Per Unit 75 Jobs Total Unit 50 Jobs $10,000 $500,000 $15,000 $1,125,000 $1,625,000 4,500 225,000 11,500 862,500 1,087,500 Contribution margin $5,500 $275,000 $3,500 $262,500 $537,500 Fixed cost 473,000 Profit $64,500 Assume a constant sales mix. (a) How many Costing systems must Brant Consulting sell to breakeven? How many Transfer Pricing systems must Brant Consulting sell to breakeven? (b) How many Costing systems must Brant Consulting sell to achieve a target profit of $86,000? How many Costing systems must Brant Consulting sell to achieve a target profit of $86,000? Transfer Pricing Projects Revenue Variable cost Firm X X X x Round up the total number of systems before determining the allocation between Costing and Transfer Pricing.

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