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Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round...

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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 (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 Results Spending Variances Budget 9,530 Activity Variances Planning Budget 9,050 Labor-hours (9) 9) $ 159,305 $157,245 20,812 . 2,206 F 1,500 U $ 7,000 + $ 1.409) 9) 9) 576 U Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense 17,860 4,350 + 5,010 4,494 o None O None $ 79,650 $ 18.800 $ 1.400) 5 313,450

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