7 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 "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 23 points eBook Print Required: Complete the Production Department's Flexible Budget Performance Report. Labor-hours (q) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense $16.00 q) ( $7,460 + ($ 6,900 + $ 144 + $ 79,400 $ 18,780 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Spending Variances $ 1.30 q) $ 1.10 q) $ 0.30 q) + $1.30 q) Actual Results 9,520 $ 154,370 17,264 18,862 4,996 79,400 $ 29,976 $ 304,868 $ 2,050 U 2,572 F 1,490 U 512 U 0 None 1,180 F 0 None Flexible Budget $ Activity Variances $152,320 $ 19,836 17,372 4,484 79,400 31,156 0 $ 7,680 U 624 U 528 U 1,628 U 0 None 624 U OF P Planning Budget $ 9,040 $ 144,640 19,212 16,844 4,340 79,400 30,532 294,968

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 " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexble Budget Performance Report. 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 " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexble Budget Performance Report