6 Return to Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour answers to 2 decimal places. Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report 25 pot Answer is complete but not entirely correct. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Results Variances Budget Activity Variance 9.510 9.610 Labor hours to 9,050 Dract labo $15.50 530000 deel $100.445 15.00 3 $147405 18.00 S 120 5 2.938 7:40 570 u F 100 17,70 450 U 16310 3 400 51621 14 Coumerd Factory sonrination 79 450 79.150 79.10 18.700 20 1,150 JO172 DO 300 6 Return to Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour answers to 2 decimal places. Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report 25 pot Answer is complete but not entirely correct. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Results Variances Budget Activity Variance 9.510 9.610 Labor hours to 9,050 Dract labo $15.50 530000 deel $100.445 15.00 3 $147405 18.00 S 120 5 2.938 7:40 570 u F 100 17,70 450 U 16310 3 400 51621 14 Coumerd Factory sonrination 79 450 79.150 79.10 18.700 20 1,150 JO172 DO 300