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Packaging Solutione Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each deportment. The planning budget and flexible budget for the Production Department are based on the following formulss, where q ls the number of labor-hours worked in a month: The Production Depsrtment planned to work 4,000 labor-hours in March; however, It actually worked 3,800 labor-hours during the month. Its sctusl costs incurred in Msrch sre listed below: Required: 1. Prepsre the Producton Depsitment's plonning budget for the month. 2. Prepsre the Production Depsitment's fiexible budget for the month. 3. Prepore the Production Depsitment's fiexble budget pefformsnce report for March, Including both the spending and activity vorisnces. Complete this quetion by entering your answers in the tabs below. Prepare the Production Department's planning budect for the month. Complete this question by entering your answers in the tabs below. Prepare the Production Department's flexible 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 variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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