March Direct labor $ 64,740 Indirect labor $ 10,660 Utilities $ 8,260 Supplies $ 2,430 Equipment depreciation $ 28,540 Factory rent $ 8,500 Property taxes $ 3,900 Factory administration $ 15,300 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 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 $ 0March Direct labor $ 64,740 Indirect labor $ 10, 660 Utilities $ 8,260 Supplies $ 2,430 Equipment depreciation $ 28,540 Factory rent $ 8,500 Property taxes $ 3,000 Factory administration $ 15,300 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 3 Prepare the Production Department's flexible budget for the month. 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