Problem 9-19 Flexible Budget Performance Reports; Working Backwards (LO9-1, 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 Spending Variances Results Budget 9,550 Activity Variances Planning Budget 0070 Labor hours (a) $ 169 2057 $ Drect labor Indirector Us 167 125 22 7701 1470F 1520 U ( $ 7200 672 U 19,898 Supplies 5038 45141 Equpmert depreciation 0 None 0 None on $ 1500) Factory Total expense $330.680