Question: table [ [ Ray Company ] , [ Production Department Flexible Budget Performance Report ] , [ For the Month Ended August 3 1
tableRay CompanyProduction Department Flexible Budget Performance ReportFor the Month Ended August tableActualResultsSpending Variances,tableFlexibleBudgetActivity Variances,tabletablePlanningBudgetLaborhours qDirect labor,,,q$ rIndirect labor,,,$qFUtilities$qUuSuppliesqrEquipment depreciation,$None,,None,Factory administration,$$qTotal expenses,$Ray Company provided the following excerpts from its Production Departments flexible budget performance report.
Required:
Complete the Production Departments Flexible Budget Performance Report.
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Round "rate per hour" answers to decimal places.
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