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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

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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 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.) Activity Variances Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,630 $ 209,205 $ 207,045 $ 1,930 F 22,015 a) 1,600 U a) 5,150 4,594 Planning Budget 9,150 q) + Labor-hours (9) Direct labor Indirect labor Utilities Supplies Equipment depreciation 1.509) ( $ 8,000 + 1,056 U a a) 28,130 4,450 + ( ) 0 None 0 None Factory administration 82,150 $ 19,000 ( + $ 1.40 ) Total expense $ 378,568

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