Acompany manufactures and seils a wide variety of products. Performance reports are prepared monthly for each departinert The planning budget and flexible budget for the Producton Department are based on the following formulas, where q is the number of labor-hours worked in a month: The Production Department planned to work 4.200 labor-hours in March, however, a actualy worked 4,000 labor hours during the month. Its actual costs incurred in March are listed below. Required: Prepare the Production Department's flexible budget performance report for March including both the spending and activity variances: Complete this question by entering your answers in the tabs below. Prepare the Production Department's fexible budget performance report for March, including both the spending and activity variances. (Indicate the effect of each variance by seleating "F" for favorabie. "U" for untivorable, and "None" for no effect (Le, zero variance). input all amounts as positive values.)