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 taxes Factory administration Cost Formulas $16.30 $4,380 + $1.489 $5,400 + 50.889 $1,800 + $0.289 $18, 200 + $3.10 $8,300 $2,900 $13,700 - $8.889 The Production Department planned to work 4,000 labor-hours in March, however, it actually worked 3,800 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 Actual Cost Incurred in March $ 63,520 $9,888 $ 8,99 $ 2,810 $ 29,980 $8,700 $ 2,900 $ 16,130 Calculate the spending variances for all expense items. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance Input all amounts as positive values.) Packaging Solutions Corporation Spending Variances For the Month Ended March 31 Actual Flexible Results Spending Variances Budget Labor-hours 3,800 Direct labor $ 63,520 9.080 8,990 2,810 29,980 Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense 8.700 2.900 16,130 142.110 $