Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each departnient. 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: The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 laboc-hours during the month, Its actual costs incurred in March are listed below: Required: 1. Preparo the Production Department's plonning budget for the month. 2. Prepare the Production Department's fiexible budget for the month. 3. Prepare the Production Department's fexible budget performance report for March, including both the spending and octivity variances. Complete this question by entering your answers in the tabs below