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. (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) 9,610 9,130 Direct labor (a) $ 199,145 $ 197,005 Indirect labor $ 1.30 (a) 2,662 F 20,043 + Utilities $7,800 (a) 1,580 U 960 U 26,060 Supplies + (a) 5,122 4,574 4.430 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) 9,610 9,130) Direct labor (a) $ 199,145 $ 197,005 ndirect labor + $ 1.30 (q) Utilities $ 7,800 + (a) 2,662 F 1,580 U 20,043 960 U 26,060 Supplies . (a) 5,122 4,574 4,430 Equipment depreciation $ 0 None 0 None 81,650 $ Factory administration . $ 1.20 (a) 18,960 Total expense $ 361,120 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. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Labor-hours (q) Direct labor Indirect labor Utilities Supplies Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget 9,610 9,130 (a) $ 199,145 $ 197,005 + $ 1.30 (q) $7,800 + (a) 2,662 F 1,580 U 20,043 960 U 26,060 + (a) 5,122 4,574 4,430 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Planning Activity Variances Budget Labor-hours (q) 9,610 9,130 Direct labor Indirect labor Utilities $ 7,800 + Supplies + $ Equipment depreciation 81,650 $ Factory administration + $ 1.20 (a) 18,960 Total expense $ 361,120 (q) $ 199,145 $ 197,005 + $ 1,30 (q) 2,662 043 (a) 1,580 960 U 26,060 (a) 5,122 F 574 4,430 0 None 0 None U