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Ray Company provided the following excerpts from its Production Department's flexible budget performance report Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the

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Ray Company provided the following excerpts from its Production Department's flexible budget performance report Required: Complete the Production Department's Flexible Budget Performance Report. (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. Round "rate per hour answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,520 Activity Variances Planning Budget 9,040 Labor hours (a) 9) $ 154,370 $ 152 320 19.836 + $ 1.300) Direct labor Indirect labor Utilities Supplies Equipment depreciation 2.572 F 1.490 U ($ 6,900 528 U g) 9) 16,844 4,340 - 4,996 4,484 o None 0 None $ 79,400 ) $ + 18,780 Factory administration $ 1.30) Total expense $ 304 68

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