plication Activity to 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 (ie, zero varianes). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,620 Activity Variances Planning Budget Labor hours (0) 9.500 a) $ 204, 170 $ 202,020 21 028 . $ 140 ) 2296 F 1,590 U $ 7,900 + eee 1.008 27094 40 . 5 136 4,584 Direct labor Indirect labor Uites Supplies Equipment depreciation Factory administration Total expense $ 0 None o None 81 900) $ 18 980 $ 1.300) $369,836 . nur