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.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,560 Activity Variances Labor hours (9) Planning Budget 9,080 9) $ 174,170 . $ $ 172,080 23,752 1.700) Direct labor Indirect labor Utilities Supples Equipment depreciation $ 7,300 + eee 1,108 F 1,530 U 720 U . 5.052 4,524 20,920 4,380 O None $ 80.400 $ 18,860 o None Factory administration . $ 1.70 ) Total expense $ 339,328