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 Spending Variances Results Budget 9,610 Activity Variances Planning Budget 9,130 Labor-hours (9) 9,6101 $ $ $ 9,840 $ 187,165 ($ 20.50 ) | + d $ 7,800 + $ 199,145 17,381 197,005 20,043 $ 1.309) Direct labor Indirect labor Utilities Supplies 2 2,140U ,662 F 1,580 U T L 0 None 26,060 4,430 9) 5,122 960 U TL 0 None 4,574 Equipment depreciation 81.6501 ( 18.950 + $ 1.209) Factory administration Total expense $ 361,120