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Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round rate pe hour answers to 2 decimal places. Indicate the
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate pe 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 (ie, zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report Ray Company Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,590 Activity Variances Planning Budget 9,110 Labor hours (g) $ 190,125 $ Direct labor 187,005 18,079 $ 1.100g) Indirect labor Utbies 3,394 F 1,560 U $ 7.600 + 864 U 23,998 4,410 a) 5,094 4,554 81,150 0 None 0 None Supplies Equipment depreciation Factory administration Total expense 18.920 + $ 1.000) $ 344,736
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