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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.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 Flexible Results Spending Variances Budget 9.570 Activity Variances Planning Budget 9,090 Labor-hours (a) Direct labor 9) $ 179, 145 $ 177,045 21,865 Indirect labor + $ 1.509) 9) 1.870 F 1.540 U $ 7,400 + 768 U Utilities Supplies Equipment depreciation 21.944 4,390 + 9) 5,066 4,534 0 None O None S 80.650 S 18,880 Factory administration $ 1.809) Total expense $ 343,984