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 For the Month Ended August 31 Labor-hours (q) Actual Results Spending Variances Flexible Activity Variances Budget Planning Budget 9,660 9,180 Direct labor a) $ 224,370 $ 222,180 Indirect labor + $ 1.50 q) Utilities $ 8,300 + a) 1,960 F 1,630 U 22,090 1,200 U 31,250 Supplies + a) 5,192 4,624 4,480 $ Equipment depreciation 0 None 0 None 82,900 $ Factory administration $ 1.70 q) 19,060 Total expense $ 400,834