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Pockaging Solvitions Corporotion manufactures and selis a wide variety of packaging products. Its Production Department's plannin The Production Department planned to work 4,200 labor hours in March, however, It actually worked 4,000 sabor-hours during the month its ectual costs incurred in March ore listed below. Required: 1. Prepare the Production Departments planning budget for the month 2 Prepare the Production Departments flexible budget for the month. 3. Prepare the Production Department's flexible budget performance report for March. Packaging Solutions Corporation manufactures and sells a wide variefy of packaging products. Its Production Department's planning budget and flexible budget are based on the following formulas, where q is the number of fabor hours worked in a month: The Production Department planned to work 4.200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below. Required: 1. Prepare the Production Department's planing budget for the month 2. Prepare the Production Department's flexible budget for the month. 3. Prepare the Production Department's flexible budget performance repdst for March. Complete this question by entering your answers in the tabs below