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-hours worked in a month: cost formulas direct labor $16.50q indirect labor $4,600 + $1.40q utilities $5,200 + $0.70q supplies $1,800 + $0.10q equipment depreciation $18,400 + $2.60q factory rent $8,100 property taxes $2,700 factory administration $13,600 + $0.60q 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 $ 67,620 indirect labor $ 9,660 utilities $ 8,530 supplies $ 2,430 equipment depreciation $ 28,800 factory rent $ 8,500 property taxes $ 2,700 factory administration $ 15,350 required: 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.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.