Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each variance by...

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Required: Complete the Production Department's 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 Results Spending Variances Flexible Budget Planni Activity Variances Budge Labor-hours (q) 9,550 Direct labor (a) $ 169,205 $ 167,125 Indirect labor + $ 1.60 (a) 1,474 F 22,770 Utilities $ 7,200 + (a) 1,520 U 672 U 1 Supplies + (a) 5,038 4,514 Equipment depreciation $ 0 None 0 None 80,150 Factory administration. $ + $ 1.60 (a) 18,840 Total expense $ 330,689 lired: plete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each variance by ting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as ive 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 Spending Variances i Results Flexible Budget Activity Variances Planning Budget r-hours (q) labor act labor 9,550 9,070 (q) $ 169,205 $ 167,125 + $ 1.60 (q) es $ 7,200 + (q) 1,474 F 1,520 U 22,770 672 U 19.8981 lies + (q) 5,038 4,514 4,370 $ oment depreciation 0 None 0 None 80,150 ory administration $ + $ 18,840 1.60 (q) expense $ 330,689 Required: Complete the Production Department's 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 Results Spending Variances Flexible Budget Planni Activity Variances Budge Labor-hours (q) 9,550 Direct labor (a) $ 169,205 $ 167,125 Indirect labor + $ 1.60 (a) 1,474 F 22,770 Utilities $ 7,200 + (a) 1,520 U 672 U 1 Supplies + (a) 5,038 4,514 Equipment depreciation $ 0 None 0 None 80,150 Factory administration. $ + $ 1.60 (a) 18,840 Total expense $ 330,689 lired: plete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each variance by ting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as ive 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 Spending Variances i Results Flexible Budget Activity Variances Planning Budget r-hours (q) labor act labor 9,550 9,070 (q) $ 169,205 $ 167,125 + $ 1.60 (q) es $ 7,200 + (q) 1,474 F 1,520 U 22,770 672 U 19.8981 lies + (q) 5,038 4,514 4,370 $ oment depreciation 0 None 0 None 80,150 ory administration $ + $ 18,840 1.60 (q) expense $ 330,689