8 15.00 points 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: 16.40 4,000 1.50q $5200 +S080 1,500 0.30 18500$ 2.40 8.600 Direct labor Supplies Equipment depreciation Factory nent Property taes Factory administraion 13.300 0.90 The actual costs incurred in March in the Production Department are listed below Direct labor 68.840 s 9.630 9.030 s 3.000 Supplies Equipment depreciation Factory nent Propety taxe Factory administraion s 2.500 516,400 Required 1. The company had budgeted for an activity level of 4,300 labor-hours in March Complete the Production Department's planning budget for the month. Supplies 2. The company actually worked 4,100 labor-hours in March. Complete the Production Department's flexible budget for the month. Production Department Flexible Budget