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Check my work Ray Company provided the following excerpts from its Production Department's flexible budget performance report (Round rate per hour answers to 2 decimal
Check my work 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 Flexible Budget Performance Report. 30:32 sok Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9 590 Activity Variances Planning Budget 9.110 Labor-hours (9) Direct labor 9) $ 190,125 $ 187 005 Indirect labor + $ 1.10 q) 18,079 3,394 F 1,560 U Utilities ( $ 7,600 + 864 U 23.998 9. 9) + 5.094 4,554 4.410 Supplies Equipment depreciation $ 81,150 ) 0 None 0 None + Factory administration $ 1.00 9) 18.920 Total expense $ 344,736
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