nope, it doesn't. When you run a report that contains packages using that, it shows all the items in the packages which means instead of it showing, as an example, Basic Phone Outlet, it has the plate, the labor, and everything else inside the package.
You will need to use "Proposal" reports to manage packages. See the User Guide for instructions on how to modify a field. You should be able to create a custom report from one that is close and change the variable from Price to Installed Price. (I may not have the name correct, but you get the idea.)
Line Item Installed Price w/ Packages
Linear Mode
