Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Its Production Department's planning budget and flexible budget are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.20q $4,100+ $1.40q $5,400 + $0.40q $1,700+ $0.40q $18,700+ $2.60q $8,200 $2,600 $13,700+ $0.90q 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: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Actual Cost Incurred in March $ 66,360 $ 9,160 $ 7,470 $ 3,590 $ 29,100 $ 8,600 $ 2,600 $ 16,710 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.

Packaging Solutions Corporation manufactures and sells a wide vanety of packaging products. Its Production Department's planning budget and fexible budget 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, it actually worked 4,000 labor-hours during the month. its actual costs incurred in March are listed below. Required: 1 Prepare the Production Departments planning budget for the month 2. Prepare the Production Department's fiexible budget for the month. 3 Prepare the Production Departments fiexible budget performance report for March