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 (l.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 9,500 Activity Variances Labor-hours (9) Planning Budget 9,020 9) $ 145,530 Direct labor Indirect labor Utilities Supplies $ 142.500 17.890 3,304 F 1,4700 $ 6,700 $ 1.100) g) 9) + 432 U + 4,968 14 818 4,320 4.484 Equipment depreciation $ 78.900 $ o None 0 None Factory administration Total expertise 18.740 + $ 1.100) $ 288,734