(a) & (b) (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e-g. 1.25.) The formulais $ +variable costs of $ per unit. (b) Preparea budget report for August using flexible budget data. List variable costs before fixed costs.) RATCHET COMPANY Assembling Department Flexlble Budget Report For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Direct Labor Diract Materials Fxed Costa Indirect Labor Indirect Materials Maintenance Rent Total Costs Total Fixed Costs Total Variable Costs Units tilities ariabla Costs