B Exercise 9-15 (Algo) Flexible Budget Performance Report in a Cost Center (LO9-1, LO9-2, LO9-3, L09.4) 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 formulos, where is the number of labor nours worked in a month int onces Direct labor Indirect labor utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.000 $4,100 - $1.709 $5,700 - 50.609 $1,300 + $0.200 $18,600 + $2.800 $8,100 $2,800 $13,700 + $0.80G The Production Department planned to work 4,100 lobor-hours in March: however it actually worked 3,900 lobor-hours during the month. Its actual costs incurred in March are listed below. Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Actual cost incurred in March $69,380 $16.250 $ 8,550 $ 2.330 $ 20,520 $ 0,500