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please correct the mistakes Return to question 4 Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round rate per

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Return to question 4 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.) points Answer is complete but not entirely correct. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results 9,550 Spending Variances Activity VariancesPlanning Budget Bud Labor-hours (q) 9,550 9,070 |$ 17.50 $169,205 |$ 2,085 3|U$ 167,125 |$ 8,395 3|U$ 158.725 Direct labor Indirect labor Utilities Supplies Equipment Factory administration Total expense |q) $7,490160 $7.2001.40 0.30 22,770 |$ 768OIU > |$ 22.002 19,898 4,370 21,296S 1474 F + 1.40 ,q) $ 22,090 1,520 IU 20,570 ,$ 672 | 5,038 524 4,514$ 144 80,15001$ |$ |None 80,150 33,352> 318,497 80,150>|$ 0 |None 0 ation 80,150 $ 1,210|F >|$ 34. 120$ 768 U |$ 1,445 U$ 329,244 $ 10,747U $ $ $32,910 18,840 1.60 q) $330,689

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