a 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 is the number of labor hours worked in a month: Cost Formulas Direct labor $16.500 Indirect labor $4,600 + $1.800 Utilities $5,300 + $0.709 Supplies $1,500 + $0.209 Equipment depreciation $18,200 + $2.809 Factory rent $8,500 Property taxes $2,800 Factory administration $13,300 + $0.904 The Production Department planned to work 4,400 labor-hours in March; however, it actually worked 4,200 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Indirect labor Utilities Supplies Equiphent depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $ 70,920 $ 11,700 $ 8,770 5. 2,590 $ 29,950 $ 8,900 $ 2,800 $ 16,490 Required 1 Required 2 Required 3 Prepare the Production Department's planning budget for the month. Packaging Solutions Corporation Production Department Planning Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense Required Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Reqdired 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 3 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense Required 1 Required 2 Required 3 Calculate the spending variances for all expense items. (Indicate the effect of each varian for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positiv Flexible Budget Labor-hours Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense Packaging Solutions Corporation Spending Variances For the Month Ended March 31 Actual Results Spending Variances 4,200 $ 70.920 11,700 8,770 2,590 29,960 8,900 2,800 16,490 $ 152,130