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 per 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 Results Spending Variances Flexible Budget 9,620 9,620 Flexible Activity Variances Planning cuvi var Budget Labor-hours (9) 9,140 $ 204,170 Direct labor Indirect labor $ 202,020 21.028 1.40 g) 2,296 F 1,590 U Utilities ( $ 7,900 1,008 U 2 7,094 4,440 5.136 4,584 0 None 0 None Supplies Equipment depreciation Factory administration Total expense $81.900) $18,980 + $ 1.300) $ 369,836