Check my wo 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 "rete per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget Activity Variances Planning Budget Labor-hours (q) 9,480 9.680 9.000 Direct labor $ 24 (9) $ 134,730 5 132,720 Indirect labor $ 7,620 + $ 1.50 (q) Utilities $ 6,500 (q) 1.780 F 1.450 U 21,640 336 U 12,800 Supplies + (a) 4,940 4.444 4.300 S Equipment depreciation 0 None 0 None 78.400 Factory administration $ + 18 700 $ 1.90 (q) Prov 1 of 4 Next >