tableRay CompanyProduction Department Flexible Budget Performance ReportFor the Month Ended August tableActualResultsSpending Variances,tableFlexibleBudgetActivity Variances,tabletablePlanningBudgetLaborhours qUDirect labor,$q$$U$Indirect labor,,,qFUUtilities$qUUSuppliesqTFEquipment depreciation,$None,,, None,Factory administration,$qTotal expense,$Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. Indicate the effect of each variance by selecting F favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Round "rate p hour" answers to decimal places.Ray Company provided the following excerpts from its Production Departments flexible budget performance report.
