Packoging Solutions Corporation manufactures and sells a wide variety of packaging products. Its Production Department's planning budget and flexible budget are based on the following formulas, where gis the number of labor-hours worked in a month: The Production Department planned to work 4,200 labot-hours in Macch; however, it actually worked 4,000 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 flexible budget performance report for March. Complete this question by entering your answers in the tabs below. Prepare the Production Department's planning budget for the month. Complete this question by entering your answers in the tabs below. Prepare the Production Depurtment's flexible budget for the month. Prepare the Production Department's flexible budget performance report for March. Note: Indicate the effect of each variance by selecting "F" for favoreble, " y " for unifavorable, and "None" for no effect fi,e, zero variance), Input all amounts as positive values