Problem 9-19 Flexible Budget Performance Reports; Working Backwards (L09-1, LO9-2, LO9-3, LO9-4) 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 Actual Flexible Results Spending Variances Budget 9,680 Activity Variances Planning Budget 0,200 Labor hours (9) 9) $ 234.530 Direct labor Indirect labor $ 232,320 22,140 + $ 1.509) ) 1.980 F 1,65010 Utilities ($ 8,500 + 1,296 U 33,340 4,500 5,220 4,644 Supplies Equipment depreciation 0 None o None $ 83400 $ 19 100 Factory administration + $ 1.909) Total expense $ 415,748