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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 (.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 Bilder Planning Results Activity Variances Budaa Labor-hours (9) $ 224,3701 Direct labor Indirect labor S11.509) $ 222,180 22,090 1. 0F 1,630 U SA 2001 1.200 31.250 4.624 82.900 Supplies Equipment depreciation Factory administration Total expense 19.060 $ 1.700)

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