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 (.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 Results Spending Variances Budget 9,680 Activity Variances Planning Budget Labor hours (9) Direct labor $ 234,530 $ 232,3201 22.1401 Indirect labor 1.980 F 1650 U $ 8.500 46441 Ultes Suples E ment depreciation 400 0 None 0 None Factory administration + $ 1.90 Total expense