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 Performance Report For the Month Ended August 31 Actual Results Spending Variances 9,540 Flexible Budget Activity Variances Planning Budget 9,060 Labor-hours (q) Direct labor $ 164,250 | $ 162,180 21,790 + $ 1,840 F 1,510U $ 7,100 Indirect labor Utilities Supplies Equipment depreciation 1.50 9) a) 9) 624 U ( ( + 5,024 18,878 4,360 4,504 si I ( 79,900 None 0 None Factory administration ( 49800 + $ 1.50 q) Total expense $ 322,066