time sensitive - 2 hrs.

Problem 9-17 (Static) 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. Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). 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 Flexible Results Spending Variances Budget 9,480 Activity Variances Planning Budget 9,000 Labor-hours (9) q) $ 134,730 Direct labor Indirect labor Utilities $ 132,720 21,640 $ 1.50 ) 1,780 F 1,450 U $ 6,500 + 9) 336 U 12,800 4,300 Supplies 9) 4,940 4.444 Equipment depreciation 0 None 0 None $ 78,400 $ 18,700 Factory administration $ 1.90 ) Total expense $ 288,088