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. (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} Laborhours (q) Direct labor Indirect labor Supplies Equipment depreciation \"1400 Factory administration Total expense The following standards for variable overhead have been established for a company that makes only one product: Standard hours per' unit of output 5.3 hours Standard variable overhead rate $ 15.66 per hour The following data pertain to operations for the last month: Actual hours 9,666 hours Actual total variable overhead cost $ 125,686 Actual output 1,686 units Requbed: a. What is the variable overhead rate variance for the month? b. What is the variable overhead efficiency variance for the month? {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.) a. Variable overhead rate variance b. Variable overhead efficiency variance