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 10 points Cost Formulas Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $15.80g $8,200 $1.60g $6,400 $0.80q $1,100 +$0.40g $23,000 + $3.70q $8,400 $2,100 $11,700$1.90q eBook Print References The Production Department planned to work 8,000 labor-hours in March; however, it actually worked 8,400 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Indirect labor Utilities Supplies Equipment deprecia Factory rent Property taxes Factory administration Actual Cost Incurred in March $134,730 19,860 s14,570 4,980 54,080 $ 8,700 $ 2,100 26,470 tion