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.) 5 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 eBook Planning FlexibleActivity VariancesBudget Budget Actual Results Spending Variances 9,510 Labor-hours (q) 9,030 147,405 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration( Total expense $ 150,445 q) q) q) q) 4,982 $ 2,938 F S 18,862 +1.20 $ 1,480 U 480 U 15,830 S 6,800 4,474 4,330 0None 0 None tion79.150 +1.20 q) 18,760 $ 297,293