Problem 9-17 (Algo) flexible budget performance reports; working backwards

1 Problem 9-17 (Algo) Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4) Ray Company provided the following excerpts from its Production Department's fiexible budget performance report Required: Complete the Production Department's Fiexible Budget Performance Report. (Indicate the effect of each variance by selecting "P" for tavorable, "U" for unfavorable and "None" for no effectie, zero variance), Input all amounts as positive values. Round "rate per hour answers to 2 decimal places.) 10 points A Print Activity Variances Ray Copony Production Department Flexible de Parformance Report For the Month Ende August 31 Spending Variances Flexible Res Budget 9560 $ 174 170 $ 172.000 $ 170 (0) 1.100 23752 1.5300 5052 4524 Planning Budget 9.080 Labor hours Direct labor Indirect labor Utilities Supplies Equipment apreciation ++ 57.500 See 7200 20.920 4380 - None O None $ 50.400 $ 18.860 Factory administration $ 1.70 Total expense $ 339.226