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.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Flexible Results Spending Variances Budget 9,580 Activity Variances Planning Budget 9,100 Labor-hours (9) Direct labor $ 185,130 $ $ 182,020 17,100 Indirect labor $ $ 3,760 F 1,550 u Utilities ($ 7,500 $ 816 U $ $ 22,970 4,400 Supplies a) $ 5,080 $ 4,544 Equipment depreciation $ 0 None 0 None 80,900 Factory administration 18,900 1.90 Total expense $ 345,648