Ray Company provided the following excerpts from its Production Departments 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.)

Required:

Complete the Production Departments Flexible Budget Performance Report.

Ray Company

Production Department Flexible Budget Performance Report

For the Month Ended August 31

Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget

Labor-hours (q) 9,480 9,000

Direct labor ( q) $134,730

$132,720

Indirect labor ( + $1.50 q) 1,780 F 21,640

Utilities ( $6,500 + q) 1,450 U 336 U 12,800

Supplies ( + q) 4,940

4,444

4,300

Equipment depreciation ( $78,400 ) 0 None 0 None

Factory administration ( $18,700 + $1.90 q)

Total expense $288,088