Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared formulas, where q is the number of labor-hours worked in a month: formulas, where q is the number of labor-hours worked in a month: Prepare the Production Department's planning budget for the month. Prepare the Production Department's flexible budget for the month The Production Department planned to work 4,300 labor-hours in March; however, it actually worked 4,100 labor-hours during the month. Its actual costs incurred in March are listed below: Required: Calculate the spending variances for all expense items. (Indicate the effect of each variance by selecting "F" for favorable, "U" 1. Prepare the Production Department's planning budget for the month. for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 3. Calculate the spending variances for all expense items. Complete this question by entering your answers in the tabs below