Business, 12.08.2019 16:20 morrowdrew

The production department planned to work 8,000 labor-hours in march; however, it actually worked 8,400 labor-hours during the month. its actual costs incurred in march are listed below: actual cost incurred in march direct labor . . . . . . . . . . . . . . $134,730 indirect labor . . . . . . . . . . . . . . $19,860 utilities . . . . . . . . . . . . . . . . $14,570 supplies . . . . . . . . . . . . . . . . $4,980 equipment depreciation . . . . . . . . . $54,080 factory rent . . . . . . . . . . . . . . $8,700 property taxes . . . . . . . . . . . . . $2,100 factory administration . . . . . . . . . . $26,470 required: 1. using exhibit 9–2 as your guide, prepare the production department’s planning budget for the month. 2. using exhibit 9–5 as your guide, prepare the production department’s flexible budget for the month. 3. using exhibit 9–8 as your guide, prepare the production department’s flexible budget perfor- mance report for march, including both the spending and activity variances. 4. what aspects of the flexible budget performance report should be brought to management’s attention? explain.

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