Help Save 4 Matoika Marine Inc. has just finished its operations for August, which was a particularly busy month. They processed 24% more product than had been originally planned for the month. A report prepared by Management comparing actual costs to budgeted costs appears below. Matolka Marine Cost Control Report 015017 For the Month Ended August 11 Units Produced Actual 935 Budget 550 Variance 385 F Variable costs: Marine supplies Emmission tests $9,050 11,430 Other Variable Administrative supplies 2,400 $8,000 6,600 1,100 $ 250 U 4,830 U 590 330 1,300 U 260 U Total variable cost 23,470 16,530 6,640 U Fixed costs: Staff salaries Equipment depreciation Rent Utilities 18,500 18,500 4,700 3,450 1,250 U 1,850 1,850 760 Total fixed cost Total cost 25,810 $49,280 595 24,395 165 U 1,415 U $41,225 $ 0,055 U were The managing director was very unhappy with this report, claiming that his costs were higher than expected. He also pointed out that the additional costs had been fully covered by payments from suppliers. The accountant who prepared the report pointed out that actual costs were a lot higher than promised in the budget