3 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.) Answer is not complete. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget Labor-hours (a) Direct labor 9,640 9.160 $22.50 (a) $214,250 U $212,080 Indirect labor $ 1.60 (q) Uudes $8,100 4 Supplies 223 1,564 F 23,004 (a) 1,610 U 1,104 (a) 5.164 U 0 4.604 U 00 O 29,168 4,460 Equipment None 0 None depreciation 82,400 Factory administration 19.020 $1.50 (a) F $387,316 U CC U 00 Total expense Next > Return to