Concord Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Departrment is as Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Unfavorable Neither Favorable nor Unlavorable Manufacturing Costs Budget Actua Variable costs Direct materials $53,70 $2,760 $1,000 Favorable Direct labor Indirect materials Indirect labor 61,440 58,240 3,200 Favorable 29,440 21,760 21,310 450 Favorable 22,400 22,200 200 Favorable 200 Unfaverable 29,640 11,520 11,780260nfavorable Total variable 200,320 195,930 4,390 Favorable Fixed costs 10,800 10,8000-Neither Favorable nor Unfavorable 18,600 18,6000-Neither Favorable nor Unfavorablie 5500 5,500-Neither Favorable nor Unfavorable 34,900 34,900 0-Neither favorable nor Unfavorable Rent Depreciation Total fixed son 4 24.14.7 8 Fixed costs 10,800 10,800 -Neither Favorable nor Unfavorable 18,600 18,600 -Neither Favorable nor Unfavorable 5,500 5,50 0-Nether Favorable nor Unfavorable 4,900 34,90Neiher Favorable nor Unfavorable Total fixed $235,220 $230,830 $4,390 Favorable Total costs The monthly budget amounts in the report were based on an expected production of 64,000 units per month or 768,000 units per year The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. president, however, is unhappy with the results for August because only 62,000 units were produced (a) State the total monthly budgeted cost formula, (Ooond cost per unit to 2 decinaldices, ed. 1.2 The formula is + variable costs of $ per unit (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) Flexible Budget Report For the Month Ended August 31, 2020 Unfavorable Neither Favorable nor Unfavorable Actual Costs &Sons InS All Rights Reserved. A Division ar LINK TO TEXT LINK TO TEXT In September, 68,0 niswroduced. Prepare the budget report using lesxible budget data, assuming (1) each variable cot Depreciation nmer Direct Labor Direct Materials Fixed Costs Indirect Labor Indirect Materials CALCULATOR PRINTER VERSI Total Costs Total Fixed Costs Total Variable Costs Units Variable Costs LINK TO TEXT LINK TO TEXT In September, 68,000 units were produced. Prepare the budget report using fiexible budget data, assuming (1) each varia Inc. All Rights Reserved, A Division of 1chn watey &Sons, Jac 8 6 5