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 Spending Flexible Activity Results Variances Budget Variances 9,530 Planning Budget 9,050 Labor-hours (9) Direct labor 159,305 157,245 20,812 + Indirect labor a 2,206F 1,500 + Utilities 576 U 17,860 4,350 + 9) 5,010 4,494 Supplies Equipment depreciation Factory administration 0 None 0 None 18,800 + 8,800| | 1.409 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Flexible Activity Results Variances Budget Variances 9,530 Planning Budget 9,050 Labor-hours (9) Direct labor 159,305 157,245 20,812 + Indirect labor a 2,206F 1,500 + Utilities 576 U 17,860 4,350 + 9) 5,010 4,494 Supplies Equipment depreciation Factory administration 0 None 0 None 18,800 + 8,800| | 1.409