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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: The Production Department planned to work 4,400 labor-hours in March; however, it actuatly worked 4.200 labor-hours during the month. its actual costs incurred in March are listed below: Required: 1. Prepare the Production Deportment's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Prepare the Production Department's fexible budget performance report for March, including both the spending and activity variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Production Department's plannin Packaging Solutions Corporation Production Department Plansing Budget Prepare the Production Department's flexible bu Prepare the Production Department's flexible budget performance report for March, Including both the spending and activity varlances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (li.e, zere variance). input all amounts as positive values.)