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 Utilities Cost Formulas $16.400 $4,700 +$1.900 $5,200 $0.70q Supplies $1,700 $0.100 Equipment depreciation $18,200 +$3.00q Factory rent $8,500 $2,900 Property taxes: Factory administration. $13,400 +$0.800 The Production Department planned to work 4,100 labor-hours in March; however, it actually worked 3,900 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 Required: Actual Cost Incurred in March $ 65,560 $11,670 $8,460 $2,320 $ 29,900 $8,900 $ 2,900 $15,910 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