I System Announcements answer is partially correct. Try again. te the total monthly budgeted cost formula (Round cost per unit to 2 decimal places, e.g. 1.25.) mula is + variable costs of per unit. pare a budget report for August using flexible budget data. (List variable costs before fixed costs.) RATCHET COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs 66000 66000 ale Costs ect Materials 52800 53350 550 Unfavorable ect Labor 60720 59444 1276 Favorable direct Materials 29040 30338 1298 Unfavorable Srect Labor DOGODNO 23760 24101 341 Unfavorable lities 16500 16929 429 Unfavorable intenance 7920 8393 173 Unfavorable M M tal Variable Costs 190740 192555 1815 Unfavorable Costs int 11500 11500 Neither Favorable nor Unfavorable pervision 17100 17100 oll Neither Favorable nor Unfavorable e LG 1298 Unfavorable 29040 30338 Study Indirect Materials EX 341 Unfavorable 23760 24101 Indirect Labor X 20 429 Unfavorable 16500 16929 Utilities x X 7920 8393 473 Unfavorable Maintenance x x 192555 1815 Unfavorable 190740 Total Variable Costs Fixed Costs Rent 11500 11500 0 Neither Favorable nor Unfav Supervision 17100 17100 0 Neither Favorable nor Unfav. Depreciation 7100 7100 0 Neither Favorable nor Unfavo Total Fixed Costs 35700 35700 olNeither Favorable nor Unfavo Total Costs 226440 228255 1815 Unfavorable Click if you would like to Show Work for this question: Open Show Work S Problem 10-3A a, b, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. dy RATCHET 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 $49,600 $48,500 $1,100 Favorable Direct labor 57,040 54,040 3,000 Favorable Indirect materials 27,280 27,580 300 Unfavorable Indirect labor 22,320 21,910 410 Favorable Utilities 15,500 15,390 110 Favorable Maintenance 7,440 7,630 190 Unfavorable Total variable 179, 180 175,050 4,130 Favorable Fixed costs Rent 11,500 11,500 -0- Neither Favorable nor Unfavorable Supervision 17,100 17,100 -0- Neither Favorable nor Unfavorable Depreciation 7,100 7,100 -0-Neither Favorable nor Unfavorable Total fixed 35,700 35,700 -0-Neither Favorable nor Unfavorable Total costs $214,880 $210,750 $4,130 Favorable The monthly budget amounts in the report were based on an expected production of 62,000 units per month or 744,000 units per year. The president, however, is unhappy with the results for August because only 60,000 units were produced, (a) & (b) Your answer is partially correct. Try again. (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) The formula is per unit. + variable costs of $ (b) Prepare a budget report for August using flexible budget data (List variable costs before fixed costs.) RATCHET COMPANY