Packaging Solutions Corportation 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 monthy The Production Department planned to work 4,000 taborthours in March; however, it actually worked 3.800 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 Departments flexible budget for the month. 3. Prepare the Production Department's flesible budget performance report for March, ancluding both the spending and actity variances. 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 in the tabs below. Prepare the Production Department's planning budget for the month. 3. Prepare the Production Department's flexible budget performance report for March, inciuding both the spending and activity variances. Complete this question by entering your answers in the tabs below. Prepare the Production Department's llexible budget for the month. Complete this question by entering your answers in the tabs below. Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances. (Indicate the effect of each varlance by selecting " F " for favorable, "U" for unfavorable, and "None" for no elfect (i.e., sero variance), Input oll amounts as positive values.)