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 variance by selecting "F" fo 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 Activity Variances Planning Budget Labor-hours (q) 9,520 9,040 Direct labor (q) $ 154,370 $ 152,320 Indirect labor + $ 1.30 (q) Utilities $ 6,900 + (a) 2,572 F 1,490 U 19,836 528 U 16,844 Supplies + (a) 4,996 4,484 4,340 $ Equipment depreciation 0 None 0 None 79,400 $ Factory administration $ 18,780 1.30 (q) Total expense $ 304,868

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Chapter18: Pricing And Profitability Analysis
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Dinesh bhai 

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 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
Activity Variances
Planning
Budget
Labor-hours (q)
9,520
9,040
Direct labor
(q)
$ 154,370
$ 152,320
Indirect labor
+
$
1.30 (q)
Utilities
$ 6,900
+
(q)
2,572 F
1,490 U
19,836
528 U
16,844
Supplies
+
(a)
4,996
4,484
4,340
$
Equipment depreciation
0 None
0 None
79,400
$
Factory administration
+
$
1.30 (q)
18,780
Total expense
$ 304,868
Transcribed Image Text: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 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 Activity Variances Planning Budget Labor-hours (q) 9,520 9,040 Direct labor (q) $ 154,370 $ 152,320 Indirect labor + $ 1.30 (q) Utilities $ 6,900 + (q) 2,572 F 1,490 U 19,836 528 U 16,844 Supplies + (a) 4,996 4,484 4,340 $ Equipment depreciation 0 None 0 None 79,400 $ Factory administration + $ 1.30 (q) 18,780 Total expense $ 304,868
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