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Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round rate pe hour answers to 2 decimal places. Indicate the

image text in transcribed Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate pe 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

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