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 is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxen Factory administration Coat Formulas $16.404 04.400 + 1.300 $5,600 + $0.604 $1,400 + $0.200 $18,200 + $2.709 $8,400 $2,700 $13,400 + $0.500 The Production Department planned to work 4,200 lobor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Rotal cost Tncurred in March Direct labor $ 67,200 Indirect labor $ 9,040 Utilities $ 8,510 Supplies $ 2,450 Equipment depreciation $ 29,000 Factory rent $ 8,800 Property taxes $ 2,700 Factory administration $ 14,730 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