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Ray Company provided the following excerpts from its Production Departments flexible budget performance report. Required: Complete the Production Departments 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 Results	Spending Variances		Flexible Budget	Activity Variances		Planning Budget
Labor-hours (q)					9,500			not attempted			9,020
Direct labor	$15.00selected answer correct	(q)			$145,530	not attempted	not attempted	$142,500	not attempted	not attempted	not attempted
Indirect labor	not attempted	+	$1.10	(q)	not attempted	3,304	F	17,890	not attempted	not attempted	not attempted
Utilities	$6,700	+	not attempted	(q)	not attempted	1,470	U	not attempted	432	U	14,818
Supplies	not attempted	+	not attempted	(q)	4,968	not attempted	not attempted	4,464	not attempted	not attempted	4,320
Equipment depreciation	$78,900				not attempted	0	None	not attempted	0not attempted	None	not attempted
Factory administration	$18,740	+	$1.10	(q)	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted
Total expense					$288,734	not attempted	not attempted	not attempted	not attempted	not attempted

Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31

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