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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
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.) 4 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 03:3343 Actual Spending Variances Flexible Activity Variances Planning Labor-hours (q) 9,520 9,040 s 154,370 152,320 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense a) 2,572 F 1,490 U $ 19,836 1.30 9 q) 6,900 S 528 U 144 $ 16,844 4,340 4,996 4,484S 79,4001 0 None 01 None 18,780 1.30 ) $ 304,868
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