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: Cost Formulas Direct labor $16.30q Indirect labor $4, 400 + $1.90q Utilities $5,700 + 50.70q Supplies $1, 400 + 30. 20q Equipment depreciation $18, 300 + $2.70q Factory rent 18, 208 Property taxes $2, 708 Factory administration $13, 100 + 30.90q 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, 780 Indirect labor $ 11, 560 Utilities $ 9,030 Supplies $ 2,450 Equipment depreciation $ 29, 109 Factory rent $ 8,606 Property taxes $ 2,708 Factory administration $ 16, 118 Required: 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. 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