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Please and thank you in advance Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's

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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 (l.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 Results Spending Variances Flexible Budget 9,670 Labor-hours (0) Activity Variances Planning Budget 9,190 9) $ 229,445 + $ $ 227 245 Direct labor Indirect labor Utilities Supplies Equipment depreciation 1.609) 9) + u 1,594 F 1,640 U U $ 8,400 (s 26 $ 23,082 IU IU 1,248 U 5,206 654 4,634 32,294 4.490 83,150 O None Factory administration $ 19,080 + O None $ 1 809) Total expense F $ 409.627

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