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, where q is the number of labor-hours worked in a month:

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared Required 1 Required 2 Required 3 monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Prepare the Production Department's flexible budget for the month. Cost Formulas Direct labor Packaging Solutions Corporation $16.509 Indirect labor $4, 100 + $1.40q Production Department Flexible Budget Utilities $5,600 + $0. 50q Supplies $1, 600 + $0.30q For the Month Ended March 31 Equipment depreciation $18, 700 + $3.00q Factory rent $8, 580 Property taxes $2, 680 Factory administration $13, 100 + $0. 60q Direct labor Indirect labor The Production Department planned to work 4,000 labor-hours In March; however, It actually worked 3,800 labor-hours during the Itilities month. Its actual costs Incurred In March are listed below: Supplies Actual Cost Incurred in March Direct labor $ 64, 320 Equipment depreciation Indirect labor 8,880 Utilitie 7,990 Factory ren Supplies 3,010 $ 30, 180 Property taxes Equipment depreciation Factory rent 8, 900 Factory administration Property taxes $ 2, 600 Factory administration $ 14, 730 Total expense Required: Required 1 Required 2 Required 3 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 Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances. 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.) Packaging Solutions Corporation Required 1 Required 2 Required 3 Production Department Flexible Budget Performance Report For the Month Ended March 31 Prepare the Production Department's planning budget for the month. Actual Flexible Planning Results Budget Budget Packaging Solutions Corporation Labor-hours 3,800 Production Department Planning Budget For the Month Ended March 31 Direct labor $ 64,320 Indirect labor 8,880 Utilities 7,990 Direct labor Supplies 3,010 Indirect labor Equipment depreciation 30,100 Utilities Factory rent 8,900 Supplies Property taxes 2,600 4,730 Equipment depreciation Factory administration Factory rent Total expense $ 140,530 Property taxes Factory administration End of document Total expense