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 Planning Budget Actual Results Spending Variances Activity Variances Labor-hours (q) 9,560 9,080 $ 174,170 $ 172,080 Direct labor q) $ 1,108 F $ 23,752 Indirect labor +1.70 q) Utilities 720 U q) S 1,530 U 20,920 7,300+ q) 5,052 $4,524 4,380 Supplies 0 None 0 None Equipment depreciation( 80,400 Factory administration( 1.70 9) 18,860 Total expense $ 339,328