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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
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.) Ray Company Production Department Flexible Budget Parformance Report For the Month Ended August 31 Actual Flexible Results Spending Varances Budget 9,670 Activity Variances Labor-hours (9) Planning Budget 9,190 9) $ 229,445 + $ $ 227 245 23,082 1.60 al $ 8,400 1,594 F 1,6400 + eee 1,248 U Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense + 5,206 32,294 4,490 4,634 > o None O None 5 83, 150 $ 19,080 + $ 1.800) $ 409.627
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