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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
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 stucting "P" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance), Input all amounts as positive valu und "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Portormance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget Arity Variances Planning Budget 9,120 Labor hours (9) 9,600 $ 195,130 $ 192,000 $ 20.339) $ 7.540 + $ 7.700 $ 1.209) 19.060 3,028 F 1,570 U 912 U eee . Direct labor Indirect labor Utilities Supplies Equipment depreciation 25,028 4,420 4,584 5,108 + $ O None None 81,400 $ 18,940 + $ 1.109) Factory administration $ 353,420 Total expense
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