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 by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values. Round "rate per hour answers to 2 decimal places.) Activity Variances Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,500 9,500 $ 145,530 $ 142.500 s 1.100) 3.304 F 17,690 1.470 U 4,068 Planning Budget 9,020 $15.000) Labor hours (9) Direct labor Indirector Utos Supples Equipment depreciation . ( 5 6.700 - eee 432 U 14.810 4320 $ 78.900 O None None Factory administration $ 18.740 + $ 1.100) $ 288 734