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 a is the number of labor-hours worked in a month: $ 16.40q $ 4,400 S 1.304 Direct labor Indirect labor Supplies $ 1.200 S 0.30a $18,100 + Fc t dereciation $ 2.700 Properly laxes Factory administration $13.000 S 0.60g the Production Department are listed below: The actual costs incurred in March Actual Cost Incurred in s 6a B40 Direct labor Indirecl aor Supplies Equipment depreciation S 9,170 S 29,580 Property taxes Factory administration s 2.700 14.810 Required: activity level of 4,300 labor-hours in March. Complete the Production Department's planning budget for the month. 1. The company had budgeted for 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 2. The company actually worked 4,100 labor-hours in March. Complete 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 3. Complete the Production Department's flexible budget performance report for March, including both the spending and activity variances. (Indicate the effect "None" for no effect (i.e., zero variance). Input all amounts each variance by selecting "F" for favorable, "U" for unfavorable, and s positive values.) Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Ended March 31 Spending Variances Activity Variances Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total exponse