Question

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.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Variances Flexible Results Spending Variances Budget 9,520 Activity Variances Planning Budget 9,040 Labor-hours (9) Direct labor $ 16.00 g) $ $ 152,320 Indirect labor 2,572 F $ 19,836 Utilities $ 6,900 eee 154,370 $ $ 4,996 | $ 1,490 U $ 528 U $ + 16,844 I Supplies $ | $ + | $ 4,484 4,340 Equipment depreciation 79,400 0 None $ None $ 18,780 1.30 Factory administration Total expense $ 304,868

Answer 1

Fill missing amount

				Actual	Spending variance	Flexible budget	Activity variance	Planning budget
Labor hours				9520		9520		9040
Direct labor	16q			154370	2050 U	152320	7680 U	144640
Indirect labor	7460	+	1.30q	17264	2572 F	19836	624 U	19212
Utilities	6900	+	1.1q	18862	1490 U	17372	528 U	16844
Supplies	1628	+	0.3q	4996	512 U	4484	144 U	4340
Equipment Depreciation	79400			79400	0 None	79400	0 None	79400
Factory administration	18780	+	1.30q	29976	1180 F	31156	624 U	30532
Total expense				304868	300 U	304568	9600 U	294968