Problem 9-19 (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. (Round "rate pe hour" answers to 2 decimal places. 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.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,610 9,610 Activity Variances Planning Budget 9,130 Labor-hours (q) $ 199,145 $ 197,005 20,043 $ 1.309) L Direct labor Indirect labor Utilities Supplies Equipment depreciation + $ 7,800| + 2,662 F 1,580 U ( 26,060 4,430 9) 5,122 960 U None 0 None 4,574 1 / 81.650 0 None E Factory administration 18.960 + $ 1.20 a) Total expense $ 361,120 MTITI