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.., zero variance). Input all amounts as positive values.) 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 Results Flexible Planning Budget Spending Variances Activity Variances Budget Labor-hours (g) 9,510 9,030 Direct labor 147,405 q) 150,445 Indirect labor 1.20 q) 2,938 F 1,480 U 18,862 + 480 U Utilities 6,800 q) 15,830 + Supplies 4,982 4,330 q) 4,474 Equipment depreciation 0None 0 None 79,150 $ 18,760 $1.20 q) Factory administration $ 297,293 Total expense