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Packaging Solutions Corporation manufactures and selis a wide variety of packaging products. Its Production Department's planning budget and flexible budget are based on the following formulas, where q is the number of labor-hours worked in o month: The Production Department planned to work 8,000 labor-hours in March; however, it actually worked 8,400 lobor-hours during the month. Its actual costs incurred in Mar are listed below: 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. Prepare the Production Department's planning budget for the month. Prepare the Production Department's flexible budget for the month. Prepare the Production Department's flexible budget performance report for March. Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no ef variance). Input all amounts as positive values