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 (.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 For the Month Actual Flexible Results Spending Variances variances Budget 9,600 Activity Variances Planning Budget 9,120 Labor-hours (g) Direct labor $ 195,130 $ $ Indirect labor $ 3,028 F $ U 1,570 192,000 19,060 S Utilities ( $ 7,700 912 U $ $ 25,028 4,420 Supplies q + $ $ 5,108 4,564 | 5 81.400 S 0 None None Equipment depreciation Factory administration Total expense 18.940 + 1.10 ) $ 353,420