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Required: Complete the Production Departments Flexible Budget Performance Report. (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None
Required: Complete the Production Departments 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 Flexible Results Spending Variances Budget 9,580 Activity Variances Planning Budget 9.100 Labor-hours (9) Direct labor 9) $ 185,130 U $ 182.020 U Indirect labor $ 17,100 U 1.00 9) g) ( $ 7,500 3,760 F 1,550 U U Utilities Supplies 22.970 816 U U 9) 5.080 4,544 4,400 Equipment depreciation 0 None 0 None $ 80,900 $ 18,900 Factory administration $ 1.909) F U Total expense $ 345,648 U U
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