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.) 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 9,590 Activity Variances Planning Budget 9,110 Labor-hours (9) Direct labor q) $ 190,125 $ 187,005 18,079 Indirect labor + $ 1.109) ( ( $ 7,600 3,394 F 1,560 U Utilities + + 864 U q) 9) 23,998 4,410 Supplies + 5,094 4,554 Equipment depreciation ( 0 None 0 None $ 81,150 $ 18,920 Factory administration ( + + $ 1.00 9) Total expense $ 344,736