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 q is the number of labor-hours worked in a month: Direct labor Indirect labor Cost Formulas $16.200 $4,300 $1,400 Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $5,400 $0.600 $1,300 +$0.200 $18,100 $2.800 $8,500 $2,900 $13,500 $0.seq The Production Department planned to work 4,500 labor-hours in March; however, it actually worked 4,300 labor-hours during the month. Its actual costs incurred in March are listed below. Actual Cost Incurred in: March $71,220 $9,788 58,490 $ 2,410 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Required: $ 30,140 58,90e $2,900 5.14,988 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.