tes 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: Direct labor Cost Formulas $16.200 Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $4,100 $1.700 $5,300 $0.500 $1,500 $0.20 $18,700 $2.600 $8,600 $2,000 $13,400 50.700 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: Supplies Factory rent 4 Actual Cost Incurred in March $ 66,360 $10,420 $ 7,790 $2,550 $ 29,100 $9,000 $2,800 Direct labor. Indirect labor Utilities Equipment depreciation Property taxes Factory administration Required: $ 15,570 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..