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yPLUS Kimmel, Accounting, 7e Help System Announcements CALCULATOR PAINTER VERSE RESOURCES signment Problem 23-03A a, b, c Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. 01A - -Q3A 3, bl. ts by Study 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 $53,760 $52,760 $1,000 Favorable Direct labor 61,440 58,240 3,200 Favorable Indirect materials 29,440 29,640 200 Unfavorable Indirect labor 21,760 21,310 450 Favorable Utilities 22,400 22,200 200 Favorable Maintenance 11,520 11,780 260 Unfavorable Total variable 200,320 195,930 4,390 Favorable Faced costs Rent 10,800 10,800 -0-Neither Favorable nor Unfavorable Supervision 18,600 18,600 -0-Neither Favorable nor Unfavorable Depreciation 5,500 5,500 -0-Neither Favorable nor Unfavorable Total fixed 34,900 34,900 -0-Neither Favorable nor Unfavorable Total costs $235,220 $230,830 $4,390 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 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 prod 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 32,000 3.01 + variable costs of $ per unit Help System Announcements Untavorable Neither Favorable nor Unfavorable Budget Actual Costs Unis . 62,000 62,000 Variable Costs Direct Materials + 52,080 52,780 720 Unfavorable 2 Direct Labor 59,520 58,340 -1,180 Favorable M Indirect Materials 24,800 25,700 900 Unfavorable Indirect Labor 18,600 18.710 110 Unfavorable Utilities . 21,700 22,240 540 Unfavorable Maintenance 7,440 7,940 500 Unfavorable Total Variable Costs 184,140 185,710 1,570 Unfavorable Fixed Costs : Rent 10,000 10,000 Neither Favorable nor Unfavorable Supervision 15,100 15,100 Neither Favorable nor Unfavorable Depreciation 5,000 5,000 0 Neither Favorable nor Unfavorable Total Fed Costs 32,000 32,000 of Neither Favorable nor Unfavorable Total Costs 216.140 217,710 1,570 Unfavorable 30 0.00 >11 18 A 2 3 % 5 6 7 0 9 0 Q W 02 T Y U