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.) 10 points References Required: Complete the Production Department's Flexible Budget Performance Report. Labor-hours (q) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense ($ 7,700 $ 81,400 $ 18,940 q) + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Spending Variances $ 1.20 q) q) q) + $ 1.10 q) Actual Results 9,600 $ 195,130 5,108 $ 353,420 3,028 F 1,570 U 0 None Flexible Budget $ 192,000 19,060 4,564 Activity Variances 912 U 0 None Planning Budget 9,120 25,028 4,420

Ray Compary provided the following excerpts from its Production Department's flexible budget performance report (Round "rote per hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for fovorable, " 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