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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

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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. Production Department Flexible Budget Performan For the Month Ended August 31 Actual Results Spending Variances 9,630 Labor-hours (q) $ 21.50 ) $ 209,205 $ $ 1.50 ) Direct labor Indirect labor Utilities Supplies 2,160 U 1,930 F 1,600 U ( $ 8,000 5.150 Performance Report gust 31 g Variances Flexible Budget 9,630 Activity Variances Planning Budget 9,150 $ 207,045 $ 10,320 U / $ 196,725 60U 30 F 00 U 22,015 1,056 U 28,130 BOA UUUU 1 vuju 4) 9) Supplies 5,150 Equipment depreciation 0 None LU$ 82,150 $ 19,000 Factory administration $ 1.40 ) Total expense $ 378,568 1,UJU U nei'oz TO 4,594 4,450 1 None None 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 Spending Variances Results Planning Spending Variances Activity Variances Budget Budget Labor-hours (9) 9,630 9,630 9,150 ( $ 21.50 ) $ 209,205 $ S 10,320 U $ 196,725 $ 207,045 22.0157 $ Direct labor Indirect labor Utilities Supplies Equipment depreciation 2.160 U 1,930 F 1,600 U ( $ 8,000 1.50 ) 9) 1) + 1,056 U 28,130 4,450 5,150 4,594 O None None Factory administration 1982,150 19.000 + 1 $ 1.404) Total expense $ 378,568

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