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Ray Company provided the following excerpts from its Production Departments flexible budget performance report. (Round rate per hour answers to 2 decimal places. Indicate the

Ray Company provided the following excerpts from its Production Departments 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 "Nonimage text in transcribede" for no effect (i.e., zero variance). Input all amounts as positive values.)

Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending VariancesB Flexible Budget Activity Variances Planning Budget Labor-hours (q) 9,590 9,110 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense q) S 190,125 S 187,005 S 3,394 F S 1,560 U S 18,079 q) q) q) S5,094 1.10 S 7,600+ 23,998 864 U 144 S 4,554 S 4,410 0 None 0 None 81,150 18,920 1.00 q) S 344,736

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