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 flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. Note: 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 Planning Activity Variances Budget Labor-hours (q) Direct labor (q) $ 9,650 219,305 $ 2,180 U 9,170 $ Indirect labor + $ 1.70 (q) 22,797 1,198 F 217,125 23,995 Utilities $ 8,200 + (a) 31,670 1,620 U 1,152 U 30,208 Supplies + (q) 5,178 564 4,614 4,470 Equipment depreciation $ 82,650 82,650 0 None 0 None Factory administration $ 19,040 + $ 1.60 (q) Total expenses $ 396,080