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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
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 (l.e., zero variance). Input all amounts as positive values. Round "rate per hour answers to 2 decimal places.) Activity Variances Planning Budget 9,140 Labor hours Direct labor Indrect labor Uits Supplies Equipment depreciation Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,620 $ 204.170 $ 202,020 $ 14019 2200 F 21.028 a) 1,500 U (9) 5.133 4,584 o None 1,008 U $ 7.900 27,094 4,440 O None 3 81.900 $ 18 980 + $ 1.30 (9) Factory administration Total expense $ 309,830
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