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

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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" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9.610 Activity Variances Planning Budget 9,130 Labor-hours (9) a) $ 199,145 $ 197,005 20,043 + $ 1.300) 2,662 F 1,580 U $ 7,800 + 960 U ee 26.060 4.430 - 5,122 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense 4,574 o None O None $ 81,650 2 $ 18,960 $ 1.20 ) $361,120

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