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 Note: Indicate the effect of each variance by selecting "FI for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places. Check my work \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{\begin{tabular}{l} Ray Company \\ Production Department FlexibtyBudget Performance Report \end{tabular}} \\ \hline \multicolumn{13}{|c|}{\begin{tabular}{l} Production Department FlexibtyBudget Performance Report \\ For the Month Ended August 31 \end{tabular}} \\ \hline & & & & & & \begin{tabular}{l} Actual \\ Results \end{tabular} & \multicolumn{2}{|c|}{ Spending Variances } & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & \multicolumn{2}{|c|}{ Activity Variances } & \begin{tabular}{l} Piannin \\ Budos \end{tabular} \\ \hline Labor-hours (q) & & & & & & 9,480 & & & & & & \\ \hline Diroct labor: & & & (q) & & & 134,730 & & t & $132,720 & & & \\ \hline Indirect labor & & & + & $1.50 & (a) & & 1,780 & F & 21,640 & & & \\ \hline Utilities & $ & 8,500 & + & & (q) & & 1,450 & u & & 336 & u & 1. \\ \hline Supplies & & & + & & (a) & 4,9402 & & 8 & 4,444 & & ? & \\ \hline Equipment depreciation & s & 78,400 & & & & & 0 & None. & & 0 & None & \\ \hline Factory administration & s & 18,700 & + & \$ 1.90 & (a) & & & & & & & \\ \hline Total expense & & & & & & \$ 288,088 & & & & & & \\ \hline \end{tabular} Ray Company Production Department Flexible Budget Performance Rcyprt For the Month Ended August 31 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & \multicolumn{2}{|c|}{\begin{tabular}{l} Actual \\ Results \end{tabular}} & \multicolumn{2}{|c|}{ Spending Variances } & \multicolumn{2}{|c|}{\begin{tabular}{l} Flexible \\ Budget \end{tabular}} & \multicolumn{2}{|c|}{ Activity Variances } & \multirow{2}{*}{\begin{tabular}{l} Planning \\ Budoet \\ 9,000 \end{tabular}} \\ \hline & & & & & & & 9,480 & & & & & & & \\ \hline 7 & & \multicolumn{4}{|l|}{ (q) } & $ & 134,730 & & ? & \$ & 132,720 & & & \\ \hline 7 & & + & $ & 1.50 & (q) & & & 1,780 & F & & 21,640 & & 7 & \\ \hline \multirow[t]{2}{*}{$} & 6,500 & + & & & (q) & & & 1.450 & U & & 11 & 336 & u & 12,800 \\ \hline & & + & & & (q) & & 4,940 & & ? & & 4,444 & & 7 & 4,300 \\ \hline$ & 78,400 & 10 & & & & & & & None & & & 0 & None & \\ \hline s & 18,700 & + & $ & 1.90 & (q) & & & & & & & & & \\ \hline & & & & & & $ & 288,088 & & ? & & & & & \\ \hline \end{tabular}
