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. Note: 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 Results Spending Variances Flexible Budget Activity Variances Planning Budget Labor-hours (q) 9,490 Direct labor $ 14.50 (q) $ 140,625 $ Indirect labor $ 7,430 + $ 1.00 (9) 13,250 3,020 U 3,670 F $ 9,490 137,605 $ 9,010 16,920 6,960 U 1,310 U $ 130,645 15,610 Utilities $ 6,600 + $ 0.80 (9) 15,652 1,460 U 14,192 384 U 13,808 Supplies + (q) 4,954 500 U 4,454 144 U 4,310 Equipment depreciation $ 78,650 0 None 0 None Factory administration $ 18,720 + $ 1.00 (9) Total expense $ 280,191