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 "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Required:

Complete the Production Departments Flexible Budget Performance Report.

Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,500 9,500 Activity Variances Planning Budget 9,020 Labor-hours (9) Direct labor q) $ 145,530 $ U $ 142,500 17,890 Indirect labor + 3,030 U 3,304 F 1,470 U $ 1.109) 9) U ( $ 6,700 + 432 U Utilities Supplies 14,818 4,320 + q) 4,968 U 4,464 Equipment depreciation 0 None 0 None $ 78,900 $ 18,740 Factory administration + $ 1.10 9) F U Total expense $ 288,734