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Problem 9-19 Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4] Ray Company...

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Problem 9-19 Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4] 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Budget FlexibleActivity Variances Planning Budget Labor-hours (q) 9,540 9,060 $ 164,250 $ 162,180 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense q) $ 1,840 F $ 21,790 q) q) q) 5,024 1.50 1,510u $ 624 U 144 7,100+ 18,878 4,504$ 4,360 ( 0 None 0 None 79,900 18,820 1.50 $ 322,066

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