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 (i.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report Labor-hours (q) For the Month Ended August 31 Actual Spending Flexible Activity Variances Results Variances Budget Planning Budget 9,590 9,590 9,110 Direct labor ) $15.00 q) $ 190,125 $ 3,120 U $ 187,005 $ 7,200 U $ 206,305 Indirect labor ( $7,470 + $ 1.10 q) 18,606 3,394 F 18,079 528 U 23,179 Utilities ( $7,600 + $ 1.10 q) 16,720 1,560 U 15,250 864 U 23,998 Supplies ( $1,614 x + $ 0.30 q) 5,094 504 F 4,554 144 U 4,410 Equipment $ ( ) 78,900 0 None 78,900 0 None 82,650 depreciation 81,150 $ Factory administration ( + $ 1.00 q) 28,030 1,160 F 29,190 528 U 33,712 x 18,920 Total expense $344,736 $ 540 x U $288,194 $ 8,832 U $ 308,524