Ray Company provided the following excerpts from its Production Departments flexible budget performance report. Required: Complete the Production Departments 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 provided the following excerpts from its Production Departments flexible budget performance report. Required: Complete the Production Departments 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 Spending Variances Results Budget 9,550 Activity Variances Planning Budget 9,070 Labor-hours (9) Direct labor 9) $ 169,205 u $ 167,125 22,770 Indirect labor + $ 1.609) ( ( $ 7,200 ( 1,474 F 1,520 U Utilities + 672 U 19,898 9) 9) Supplies + 5,038 4,514 4,370 $ Equipment depreciation ( ) 0 None 0 None 80,150 Factory administration ( + $ 1.60 q) 18,840 Total expense $ 330,689