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: Cost Formulas $16.60q Direct labor labor sa.50a Itili+ies Supplies Equipment depreciation Factory rent $1,800$0.30g $18,400 $2.90g $8,300 k $13,700$0.90q Factory administration t The Production Department planned to work 4,500 labor-hours in March; however, it actually worked 4,300 labor-hours during the month. Its actual costs incurred in March are listed below ces Actual Cost Incurred in March Tedicect Jabor 1.880 s 7,940 Utilities Supplies Equipment depreciation 3,360 $30,870 Property taxes Factory administration 2,500 S 16,980 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, including both the spending and activity variances. Complete this question by entering your answers the tabs below. Required 2 Required 1 Required 3