Pina Colada Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. PINA COLADA 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 $51,200 $50,200 $1,000 Favorable Direct labor 57,600 54,200 3,400 Favorable Indirect materials 26,880 26,980 100 Unfavorable. Indirect labor 19,200 18,740 460 Favorable Utilities 16,000 15,830 170 Favorable Maintenance 11,520 11,780 260 Unfavorable Total variable 182,400 177,730 4,670 Favorable Fixed costs Rent 11,200 11,200 Supervision Depreciation Total foxxed Total costs 18,300 18,300 7.400 7,400 36,900 36,900 -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable 0 Neither Favorable nor Unfavorable $219,300 $214,630 $4.670 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 equation. (Round cost per unit to 2 decimal places, eg 1.25) The equation is fixed costs $ + variable costs of $ (b) Prepare a budget report for August using flexible budget data. (List variable costs before foxed costs.) PINA COLADA COMPANY Assembling Department Flexible Budget Report Budget Actual Costs per unit. Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual costs nor unfavorable 3