Packaging Soluthons Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthiy for each department. The planning budget and flexible budget for the Production Department are based on the following formutas, where q is the number of labor-hours worked in a month: The Production Deportment planned to work 4,200 labor hours in March, however, it actually worked 4,000 labor-fiours during the month. Its actuat costs incurred in March are listed below: Required: 1. Prepare the Production Departments planning budget for the month. 2. Prepare the Production Departments fexable budget for the month 3. Prepare the Production Departments flexible budget performance report for March. including both the spending and octivity varlances. Complete this question by entering your answers in the tabs below. Prepare the Production Department's planning budget for the month. Complete this question by entering your answers in the tabs below. Prepare the Production Department's flexible budget for the month. Complete this question by entering your answers in the tabs below. 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 fovorable, " U " for unfavorable, and "None" for no effect (I.e, zero variance), input all amounts as positive values,)