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2. Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate
2. Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (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. Round "rate per hour" answers to 2 decimal places.) 25 points eBook Print Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,620 References Activity Variances Planning Budget 9,140 Labor-hours (q) Direct labor $ 21.009) $ 204,170 $ 202,020 21,028 Indirect labor + $ 1.40 g) $ 5,264 $ 7,900 2,296 F 1,590 U + q) 1,008 U Utilities Supplies 27,094 4,440 + q) 5,136 4,584 Equipment depreciation ) 0 None 0 None $ 81,900 $ 18,980 Factory administration + $ 1.309) Total expense $ 369,836
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