HW 9 Saved Help Save & 2 10 points ebook Pris References 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 "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Variances Results Flexible Budget Activity Variances Planning Budget Labor-hours (a) 9.570 9,090 Direct labor (a) $ 179,145 $ Indirect labor + $ 1.50 (a) 19,995 2,100 U 1,870 F $177,045 21,865 Utilities $7,400 + (a) 24,252 1,540 U 22,712 768 U 21,944 Supplies + (a) 5,066 532 U # 4,534 144 U 4,390 $ Equipment depreciation 80,650) 0 None 80,650 0 None 80,650 80,650 Factory administration S $ 1.80 (4) 18,880 Total expense $ 343,984 CH