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Please show any work if possible, thank you! Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly

Please show any work if possible, thank you!
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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 is the number of labor hours worked in a month Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.589 $4,700 + $1.500 $5,300 + $0.709 $1,200 $0.489 $18,700 + 53.00 $8,100 $2,900 $13,700.50.609 The Production Department planned to work 4,500 tabor-hours in March, however, it actually worked 4, 300 labor hours during the month Its actual costs incurred in March are listed below Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory dinistration Actual Cost Incurred in March $ 72,570 $ 10,630 $ 8,140 $3,210 $ 31,600 $ 8,500 $ 2.000 5.15,630 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 in the tabs below Required 1 Required 2 Required Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Production Department's planning budget for the month. Packaging Solutions Corporation Production Department Planning Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense $ 0 Complete this question by entering your answers in the tabs below Required 1 Requirekt 2 . Required 3 Prepare the Production Department's flexible budget for the month. Packaging Solutions Corporation Production Department Flexible Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense $ $ 0 Required 1 Required 2 Required 3 Prepare the Production Department's flexible budget performance report for March, including both the spending and activity variances. (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (1.0, zero variance). Input all amounts as positive values.) Packaging Solutions Corporation Production Department Flexible Budget Performance Report For the Month Ended March 31 Actual Flexible Planning Results Budget Budget Labor-hours 4.300 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense $ 72,570 10,630 8,840 3.210 31,600 8,500 2.900 15.630 $ 153,880

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