For the Month Ended August 31, 2017 Difference Budget Actual Favorable Unfavorable Manufacturing Costs Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities $51,240 59,780 25,620 19,520 15,250 12,200 $50,240 56,680 25,920 19,090 15,080 12,400 $1,000 Favorable 3,100 Favorable 300 Unfavorable 430 Favorable 170 Favorable 200 Unfavorable 4,200 Favorable Maintenance Total variable 183,610 179,410 Fixed costs Rent Supervision Depreciation Total fixed Total costs 11,800 19,000 7,500 38,300 $221,910 11,800 19,000 7,500 38,300 $217,710 $4,200 Favorable 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. v (a) X Your answer is incorrect. Try again. State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) accent The formula is si + variable costs of $ per unit