Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour answers to 2 decimal places. 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.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances spending vanan Budget 9,600 Activity Variances Planning Budget Labor hours (9) 9,120 ( $ 195,130 $ Direct labor Indirect labor $ 20.00 ) $ 7.5401 $ 7,700 192,000 19.0601 3,028 F $ 1.209) 1.900g) Utilities 1,570 U 912 U a) 5,108 4,5641 None None Supplies Equipment depreciation Factory administration Total expense '$ 1.10 ) $ 353.420