Graw Problems connect Problem 9-17: Flexible Budget Performance Reports; Working Backwards @ LO 9-1, LO 9-2, 9-3, 9-4 Ray Company provided the following excerpts from its Production Department's flexible budget performance report: Page 432 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Flexible Activity Planning Results Variances Budget Variances Budget Labor-hours (9) 9,480 ? 9,000 Direct labor ($?q) $134,730 $ ? $132,720 $ ? $ ? Indirect labor ($? + $1.50q) ? 1,780 F 21,640 ? ? Utilities ($6,500 + $?q). ? 1,450 U ? 336 U 12,800 Supplies ($? + $?9) 4,940 ? 4.444 ? 4,300 Equipment depreciation ($78,400) ? 0 ? ? ? Factory administration ($18,700 + $ 1.90) ? ? ? ? ? Total expense $288,088 $ ? $ ? $ ? $ ? Required: Complete the Production Department's Flexible Budget Performance Report by filling in all the question marks. Graw Problems connect Problem 9-17: Flexible Budget Performance Reports; Working Backwards @ LO 9-1, LO 9-2, 9-3, 9-4 Ray Company provided the following excerpts from its Production Department's flexible budget performance report: Page 432 Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Flexible Activity Planning Results Variances Budget Variances Budget Labor-hours (9) 9,480 ? 9,000 Direct labor ($?q) $134,730 $ ? $132,720 $ ? $ ? Indirect labor ($? + $1.50q) ? 1,780 F 21,640 ? ? Utilities ($6,500 + $?q). ? 1,450 U ? 336 U 12,800 Supplies ($? + $?9) 4,940 ? 4.444 ? 4,300 Equipment depreciation ($78,400) ? 0 ? ? ? Factory administration ($18,700 + $ 1.90) ? ? ? ? ? Total expense $288,088 $ ? $ ? $ ? $ ? Required: Complete the Production Department's Flexible Budget Performance Report by filling in all the question marks