This question has 3 parts all together.

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: Cost Formulas Direct labor $16.404 Indirect labor $4,500 + $1.809 Utilities $5,100 + $0.504 Supplies $1,400 + $0.400 Equipment depreciation $18,100 - $2.709 Factory rent $8,000 Property taxes $2,700 Factory administration $13,600 + $0.709 The Production Department planned to work 4,500 labor hours in March: however, it actually worked 4,300 labor-hours during the month. Its actual costs incurred in March are listed below: Actual cont Incurred in March Direct labor $ 72,120 Indirect labor $ 11,780 Utilities $ 7.740 Supplies $). 410 Equipment depreciation $ 29, 710 Factory rent $ 8,400 Property taxes $ 2,700 Tactory administration $ 15,980 Required: 1. Prepare the Production Department's planning budget for the month 2. Prepare the Production Department's flexible budget for the month. 3. Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances Complete this question by entering your answers in the tabs below. Required 1 Required2 Required variances Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Production Department's planning budget for the month. Packaging Solutions Corporation Production Department Planning Budget For the Month Ended March 31 Actual labor-hours Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense 0 Required Required 2 > Required 1 Required 2 Required 3 Prepare the Production Department's flexible budget for the month. Packaging Solutions Corporation Production Department Flexible Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Production Department's flexible 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 (.e., zero variance). Input all amounts as positive values.) Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Ended March 31 Actual Flexible Planning Spending Variances Results Budget Activity Variances Budget Labor-hours 4.300 Direct labor $ 72,120 Indirect labor 11,780 Uties 7,740 Supplies 3,410 Equipment depreciation 29,710 Factory rent 8.400 Property taxes 2,700 Factory administration 15,980 Total expense $ 151,840