I need to find answers for Required 1, Required 2 and Required 3.

Required 1- Exercise 9-15 Flexible Budget Performance Report in a Cost Center [LO9-1, LO9-2, LO9-3, LO9-4]

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 formulas, whereqis the number of labor-hours worked in a month:

Cost FormulasDirect labor$16.30qIndirect labor$4,500 + $1.50qUtilities$5,300 + $0.30qSupplies$1,400 + $0.30qEquipment depreciation$18,400 + $2.50qFactory rent$8,100Property taxes$2,800Factory administration$13,600 + $0.50q

The Production Department planned to work 4,500 labor-hours in March; however, it actually worked 4,300 labor-hours during the month. Its actual costs incurred in March are listed below:

Actual Cost Incurred in March Direct labor$71,670Indirect labor$10,430Utilities$7,040Supplies$2,960Equipment depreciation$29,150Factory rent$8,500Property taxes$2,800Factory administration$15,080

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, including both the spending and activity variances.

Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)