Crane Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. Crane Company Budget Report Assembling Department For the Month Ended August 31, 2022 Difference Manufacturing Costs Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable Variable costs Direct materials Direct labor $53,760 $52,760 $1,000 Favorable 61,440 58,340 3,100 Favorable Indirect materials 25,600 25,700 100 Unfavorable Indirect labor 19,200 18,730 470 Favorable Utilities 22,400 22,240 160 Favorable Maintenance 7,680 7,940 Total variable 190,080 185,710 260 Unfavorable 4,370 Favorable Fixed costs Rent 10,500 10,500 Supervision 16,100 16,100 -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable Depreciation 5,400 5,400 -0- Neither Favorable nor Unfavorable Total fixed 32,000 32,000 -0- Neither Favorable nor Unfavorable Total costs $222,080 $217,710 $4,370 Favorable 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. The company president, however, is unhappy with the results for August because only 62,000 units were produced. (a) & (b) (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, 2022 +9 Budget Actual Costs > > > 69 69 Dit Fa Unf Neithe nor U CRANE COPIPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2022 Budget Actual Costs Difference Favorable Unfavorable Neither Favorable nor Unfavorable 69 69 > > > > > > $ $