Required:

Prepare the Production Department's planning budget for the month.

Prepare the Production Department's flexible budget for the month.

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. Prepare the Production Department's flexible budget for the month.variance$).$ Input all amounts as positive values.

Packaging Solutions Corporation

Production Department Flexible Budget Performance ReportExercise $9-14($Algo$)$ Flexible Budget Performance Report in a Cost Center $[$LO$9-1,$ LO$9-2,$ LO$9-3,$ LO$9-4]$

Packaging 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 $q$ is the number of labor$-$hours worked in a month:

The Production Department planned to work $4,200$ labor$-$hours in March; however, it actually worked $4,000$ labor$-$hours during the

month. Its actual costs incurred in March are listed below: