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Please complete Check my work Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible

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Check my work 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 Results Spending Variances Flexible Budget Activity Variances Planning Budget Labor-hours (q) 9,640 9,160 Direct labor $ 214,250 $ 212,080 Indirect labor "+ $ 1.60 q) 1,564 F 23,004 Utilities ( $ 8,100 + q) 1,610 U 1.104 U 29,168 Supplies 5, 164 4,604 4,460 Equipment depreciation 82,400 0 None 0 None Factory administration $ 19,020 + $ 1.50 q) Total expense $ 387,316

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