Check my work Exercise 9-16 Flexible Budgets in a Cost Center (LO9-1, L09-21 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: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.50 $4,600 + $1.50g $5,300 + $0.80g $1,500 + $0.20g $18,100 + $2.709 $8,200 $2,700 $13,100 + $0.80 The Production Department planned to work 4,300 labor-hours in March; however, actually worked 4,100 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $ 69, 270 $ 10,230 $ 9,130 $ 2,570 $ 29, 170 $ 8,600 $ 2,700 $ 15,770 mework Help Save & Exit Check my Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the spending variances for all expense Items. (Indicate the effect of eat for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts Packaging Solutions Corporation Spending Variances For the Month Ended March 31 Actual Results Spending Variances 4,100 Flexible Budget Labor-hours $ Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense 69,270 10,230 9,130 2,570 29,170 8,600 2,700 15,770 147,440 $