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: cost formulas direct labor $16.50q indirect labor $4,600 + $1.40q utilities $5,200 + $0.70q supplies $1,800 + $0.10q equipment depreciation $18,400 + $2.60q factory rent $8,100 property taxes $2,700 factory administration $13,600 + $0.60q 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: actual cost incurred in march direct labor $ 67,620 indirect labor $ 9,660 utilities $ 8,530 supplies $ 2,430 equipment depreciation $ 28,800 factory rent $ 8,500 property taxes $ 2,700 factory administration $ 15,350 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.