Crane Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows CRANE COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $50,020 $48,920 $1,100 Favorable Direct labor 54,900 52,000 2,900 Favorable Indirect materials 300 Unfavorable 29,280 29,580 450 Favorable Indirect labor 20,740 20,290 170 Favorable Utilities 21,350 21,180 270 Unfavorable 7,320 7,590 Maintenance 183,610 179,560 4,050 Favorable Total variable Fixed costs 12,800 12,800 Rent -0- Neither Favorable nor Unfavorable 17,400 17,400 -0- Neither Favorable nor Unfavorable Supervision 7,500 7,500 -0- Neither Favorable nor Unfavorable Depreciation Total fixed 37,700 37,700 -0- Neither Favorable nor Unfavorable $221,310 $217,260 $4,050 Favorable Total costs The monthly budget amounts in the report were based on an expected production of 61,000 units per month or 732,000 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. The company president, however, is unhappy with the results for August because only 59,000 units were produced panadxa (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) 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.) CRANE COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable Actual Costs nor Unfavorable Budget $ $ $ $ $ In September, 65,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variabl cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) CRANE COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs $ $ $ $ $ $