Ray Company provided the following excerpts from its Production Departments 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 Departments Flexible Budget Performance Report.

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 Budget 9,630 Activity Variances Planning Budget 9,150 Labor-hours (9) q) $ 209,205 $ 207,045 22,015 + $ 1.50 ) Direct labor Indirect labor Utilities Supplies 1,930 F 1,600 U + q) 1,056 U 28,130 d $ 8,000 ( + 9) 5,150 4,594 4,450 Equipment depreciation 82,150 o None O None Factory administration + 19,000 $ 1.40 g) Total expense $ 378,568 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 Budget 9,630 Activity Variances Planning Budget 9,150 Labor-hours (9) q) $ 209,205 $ 207,045 22,015 + $ 1.50 ) Direct labor Indirect labor Utilities Supplies 1,930 F 1,600 U + q) 1,056 U 28,130 d $ 8,000 ( + 9) 5,150 4,594 4,450 Equipment depreciation 82,150 o None O None Factory administration + 19,000 $ 1.40 g) Total expense $ 378,568