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 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 Flexible Spending Variances Results Budget 9,650 Activity Variances Planning Budget 9,170 Labor-hours (9) Direct labor 9) $ 219,305 $ 217,125 23,995 Indirect labor + $ 1.709) 1,198 F 1,620 U Utilities $ 8,200 + 1,152 U 30,208 9) 9) Supplies + 5,178 4,614 4,470 $ Equipment depreciation 1 0 None 0 None $ 82,650 $ 19,040 Factory administration + $ 1.609) Total expense $ 396,080