Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are pre

[answerhappygod]

Packaging Solutions Corporation manufactures and sells a widevariety of packaging products. Performance reports are preparedmonthly for each department. The planning budget and flexiblebudget for the Production Department are based on the followingformulas, where q is the number of labor-hoursworked in a month:
The Production Department planned to work 4,000 labor-hours inMarch; however, it actually worked 3,800 labor-hours during themonth. Its actual costs incurred in March are listed below:
Required:
1. Prepare the Production Department’s planning budget for themonth.
2. Prepare the Production Department’s flexible budget for themonth.
3. Prepare the Production Department’s flexible budgetperformance report for March, including both the spending andactivity variances.