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 (ie., 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 Badget Labor-hours (q) 9.600 9.600 9.120 Direct labor (q) $ 195,1305 3.130 $ 192.000 S 9.600 182.400 Indirect labor + $ 1.20 (9) 16.032 3.028 F 19.060 N Uses $ 7.700 4 (a) 27.510 1.570 U 25.940 912 U 25.028) Supplies (a) 5.108 544 4.564 144 4420 Equipment depreciation 81.400 01,400 None 81,400 0/Nane 81.400 Factory administration $ 18.940 . $ 1.10 (0) 20.240 F U Total expense S 353 420 V 2