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 (ie, zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Activity Variances Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,590 $ 190,125 $ 187,005 $ 1.10 ) 3,394 F 18,079 1,560 U 5,094 4,554 Planning Budget 9, 110 Q) Labor-hours (9) Direct labor Indirect labor Utilities Supplies Equipment depreciation + 864 U (57.600 eee 23,998 4,410 . $ O None o None 81,150 $ 18.920 + Factory Administration $ 1.000) Total expense $ 344,736
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