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.) 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 Spending Flexible Activity Results Variances Budget Variances 9,530 Planning Budget 9,050 Labor-hours (9) $ Direct labor 159,305 157,245 20,812 Indirect labor 2,206F + .40/9) Utilities Id $ + 1,500 U 576 U 197.000 | + 17,860 4.350 9) 5,010 4,4941 Supplies Equipment depreciation Factory administration o None 79,650 0 None 18,800/ + 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.) 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 Spending Flexible Activity Results Variances Budget Variances 9,530 Planning Budget 9,050 Labor-hours (9) $ Direct labor 159,305 157,245 20,812 Indirect labor 2,206F + .40/9) Utilities Id $ + 1,500 U 576 U 197.000 | + 17,860 4.350 9) 5,010 4,4941 Supplies Equipment depreciation Factory administration o None 79,650 0 None 18,800/ +