Property taxes 1; 3,606 Factor}.r administration $ 15,303 Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's exible budget for the month. 3. Prepare the Production Department's flexible budget performance report for Ma rch, including both the spending and activity variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Production Department's exible budget performance report for March, including both the spending and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Laborhours Direct labor Indirect labor Utilities Supplies 2.430 Equipment depreciation 23,540 Factory rent 3,500 Property taxes 3,000 Factory administration 3: Total emense