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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
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 varlance by selecting "F" for favorable, "U" for untevorable, and "None" for no effect (l.e., zero varlence). Input all amounts es positlve 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 Budget 9.680 Activity Variances Planning Budget 9.200 Labor-hours (9) Direct labor 9) $ 234,530 $ 232.320 22.140 + Indirect labor Utilities Supplies $ 1.509) 9) ) $ 8.500 1,980 F 1.650 U ooo 1,296 U 33.340 4,500 + 5.220 4.644 Equipment depreciation O None O None $ 83,400 $ 19,100 Factory administration + $ 1.909) Total expense $415.748
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