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 Repo

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 Actual Flexible Planning Results Spending Variances Budget Activity Variances Budget Labor-hours (q) 9,500 9,500 9,020 Direct labor $ 15.00 q) $ 145,530 $ 3,030 U $ 142,500 Indirect labor + $ 1.10 q) 14,586 3,304 F 17,890 Utilities $ 6,700 + 1,470 U 432 U 14,818 Supplies 4.968 4.464 4,320 Equipment depreciation S 78.900 0 None 0 None Factory administration 18,740 + $ 1.10 q) Total expense $ 288,734