Required: Complete the Production Department's Flexible Budget Performance Report. Note: 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 Flexible Budget Activity Variances Planning Budget Labor-hours (q) 9,670 9,190 Direct labor (a) $ 229,445 227,245 Indirect labor $ 1.60 (a) 21,488 1,594 F 23,082 Utilities $ 8,400 (a) 1,640 U 1,248 U 32,294 Supplies (a) 5,206 572 4,634 4,490 Equipment depreciation $ 83,150 83,150 0 None 0 None Factory administration $ 19,080 + 1.80 (q) $ Total expense 409,627