Check my wo Exercise 9-16 Flexible Budgets in a Cost Center (LO9-1, LO9-2] 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 budge for the Production Department are based on the following formulas, where a is the number of labor-hours worked in a month Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.589 $4,400 + $1.609 $5,700 + $0.709 $1,200 + $0.30 $18,800 + $2.569 $8,400 $3,000 $13,800 + $0.6@q The Production Department planned to work 4,300 labor-hours in March, however, it actually worked 4 100 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $ 69, 270 $ 10,460 $ 9,180 $ 2,780 $ 29,950 $8,800 $ 3,000 $ 15,610 Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month 3. Calculate the spending variances for all expense items. Complete this question by entering your answers in the tabs below. Complete this question by entering your an Required 1 Required 2 Required 3 Prepare the Production Department's planning buc Packaging Solutions Corporation Production Department Planning Budget For the Month Ended March 31 Budgeted labor-hours Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense Complete this question by entering your an Required 1 Required 2 Required 3 Prepare the Production Department's flexible bud Packaging Solutions Corporation Production Department Flexible Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense $ 0