Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9.590 Activity Variances Planning Budget 9,110 Labor hours (9) 3) 9 $ 190,125 $ 187,005 18 079 + $ Direct labor Indirect labor Utilities Supplies Equipment depreciation 3,394 F 1,560 U $ 7,600 1.10 ) 9) 9) + 864 U 23.998 4,410 + 5,094 4,554 0 None 0 None $ 81,150 $ 18,920 + $ 1.00) Factory administration Total expense S 344,736