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Ray Company provided the following excerpts from its Production Departments flexible budget performance report. Required: Complete the Production Departments Flexible Budget Performance Report. (Indicate the

Ray Company provided the following excerpts from its Production Departments flexible budget performance report. Required: Complete the Production Departments 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.)

Rimage text in transcribeday Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget
Labor-hours (q) 9,500 not attempted 9,020
Direct labor $15.00selected answer correct (q) $145,530 not attempted not attempted $142,500 not attempted not attempted not attempted
Indirect labor not attempted + $1.10 (q) not attempted 3,304 F 17,890 not attempted not attempted not attempted
Utilities $6,700 + not attempted (q) not attempted 1,470 U not attempted 432 U 14,818
Supplies not attempted + not attempted (q) 4,968 not attempted not attempted 4,464 not attempted not attempted 4,320
Equipment depreciation $78,900 not attempted 0 None not attempted 0not attempted None not attempted
Factory administration $18,740 + $1.10 (q) not attempted not attempted not attempted not attempted not attempted not attempted not attempted
Total expense $288,734 not attempted not attempted not attempted not attempted not attempted

Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31

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