Chapter 9 Homework A Saved 1 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 (.e., zero variance). Input all amounts as positive values.) 8.33 points Required: Complete the Production Department's Flexible Budget Performance Report. eBook Print References Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,580 Activity Variances Planning Budget 9.100 Labor-hours (9) 9) $ 185,130 Direct labor Indirect labor Utilities $ 182,020 17,100 + $ 1.00 ) 9) 3,760 F 1,550 U ( $ 7,500 + 816 U 22,970 4,400 Supplies + q) 5.080 4,544 $ Equipment depreciation 0 None 0 None 80,900 Factory administration + $ 1.90 ) 18,900 Total expense $ 345,648