Question: Every blue box needs an answer Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's

Every blue box needs an answer

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.)

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