Check my work Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.28 $4,300 + $1.809 $5,108 + $0.400 $1,400 + $0.209 $18,688 + $2.589 $8,400 $2,400 $13,100 + $0.69 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 $ 66,368 Indirect labor $ 11,040 Utilities $ 7,17e Supplies $ 2,45e Equipment depreciation $ 28,600 Factory rent $ 8, Bee Property taxes $ 2,400 Factory administration $ 14,850 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare the production Department's planning budget for the month. Packaging Solutions Corporation Production Department Planning Budget For the Month Ended March 31