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 Spending Results Variances Flexible Budget Activity Variances Planning Budget Labor-hours (q) Direct labor Indirect labor 9,630 9,150 (q) $209,205 $207,045 + $1.50 (q) 1,930 F 22,015 Utilities $ 8,000 + (q) 1,600 U 1,056 U 28,130 Supplies + |(q)| 5,150 4,594 4,450 Equipment depreciation $ 82,150 0 None 0 None Factory administration Total expense $ 19,000+ $ 1.40 (q) $378,568