Ray Company provided the following excerpts from its Production Departments flexible budget performance report. Required: Complete the Production Departments Flexible Budget Performance Report. (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. Round "rate per hour" answers to 2 decimal places.)

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 (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Activity Variances Planning Budget 9,040 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,520 $ 154,370 $ 152,320 $ 1.30(g) 2,572 F 19.836 (9) 1,490 U (9) 4.996 4.484 Labor-hours (9) Direct labor Indirect labor Utilities Supplies (9) + $ 6,900 + 528 U 16,844 4,340 + Equipment depreciation 0 None 0 None $ 79,400 $ 18.780 Factory administration + $ 1.30 (9) Total expense $ 304,868