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 basedion the following formulas, where q is the number of labor-hours worked in a month: The Production Department planned to work 4,100 labor-hours in March; however, it actually worked 3,900 labor-hours during the month. Its actual costs incurred in March are listed below: Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month: 3. Prebare the Production Debartment's flexible budaet Derformance reoort for March. includina both the spendina and activitv 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 basedion the following formulas, where q is the number of labor-hours worked in a month: The Production Department planned to work 4,100 labor-hours in March; however, it actually worked 3,900 labor-hours during the month. Its actual costs incurred in March are listed below: Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month: 3. Prebare the Production Debartment's flexible budaet Derformance reoort for March. includina both the spendina and activitv