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Ray Company provided the following excerpts from its Production Department’s flexible budget performance report. (Indicate the effect...

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Accounting

Ray Company provided the following excerpts from itsProduction Department’s flexible budget performance report.(Indicate the effect of each variance by selecting "F" forfavorable, "U" for unfavorable, and "None" for no effect (i.e.,zero variance). Input all amounts as positive values. Round "rateper hour" answers to 2 decimal places.)
Required:
Complete the Production Department’s Flexible BudgetPerformance Report.
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual Results Spending Variances Flexible Budget ActivityVariances Planning Budget
Labor-hours (q) 9,480 9,000
Direct labor ( q) $134,730
$132,720
Indirect labor ( + $1.50 q) 1,780 F 21,640
Utilities ( $6,500 + q) 1,450 U 336 U 12,800
Supplies ( + q) 4,940
4,444
4,300
Equipment depreciation ( $78,400 ) 0 None 0 None
Factory administration ( $18,700 + $1.90 q)
Total expense $288,088

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