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 Spending Flexible Results Variances Budget 9,630 9,630 Activity Variances Planning Budget 9,150 Labor-hours (9) Direct labor $21.509) $ 209,205 $ 2,160U $ 207,045 $ 10,320 U $ 196,725 Indirect labor $ 7,570 + $ 1.50 9) 20,085 1,930 F 22,015 720 U 21,295 Utilities $ 8,000 + 9) 1,600 U 2.20 29,186 1,056 U 28,130 x 9) 30,786 5,150 82,150 556U 4,594 144 U Supplies Equipment depreciation Factory administration 4.450 0 None 82.150 0 None 82,150 82,150 $ 1.40 9) 31,192 19,000 1,290F XU 32,482 $ 377,424 Total expense $ 378,568 $ 1,144 X U XU To