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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

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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 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 Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,550 Activity Variances Planning Budget 9,070 Labor-hours (9) $ 169,205 $ Direct labor Indirect labor Utilities 167,125 22,7701 .609) a) 1.474 F 1,520 U 672U 19.898 Supplies a) 5,038 4,514 4.370 Equipment depreciation 4 None 0 None Factory administration ( 20 + $ 1.609) Total expense $ 330,689

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