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 Results Spending Variances Flexible Budget Activity Variances Planning Budget Labor-hours (q) 9,530 9,050 Direct labor (q) $ 159,305 $ 157,245 Indirect labor + $ 1.40 (q) Utilities $ 7,000 + (q) 2,206 F 1,500 U 20,812 576 U 17,860 Supplies + (q) 5,010 4,494 4,350 Equipment depreciation 79,650 0 None 0 None Factory administration $ 18,800 + $ 1.40 (q) Total expense $ 313,459