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 effect (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,600 Activity Variances Planning Budget 9,120 Labor-hours (q) Direct labor q) $ 195,130 $ 192,000 19,060 Indirect labor + $ 1.20 9) ( ( $ 7,700 3,028 F 1,570 U Utilities + q) 912 U 25,028 Supplies ( + 9) 5,108 4,564 4,420 Equipment depreciation ( 0 None 0 None $ 81,400 $ 18,940 Factory administration + $ 1.10 ) Total expense $ 353,420