Problem 14-3A (Part Level Submission) Riverbed Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RIVERBED COMPANY Budget Report Assembling Department 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 Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed $50,020 54,900 29,280 20,740 21,350 7,320 183,610 $48,920 52,000 29,580 20,290 21,180 7,590 179,560 $1,100 Favorable 2,900 Favorable 300 Unfavorable 450 Favorable 170 Favorable 270 Unfavorable 4,050 Favorable -0- - 12,800 17,400 7,500 37,700 $221,310 12,800 17,400 7,500 37,700 $217,260 Total costs $4,050 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 (61) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) RIVERBED COMPANY Assembling Department Flexible Budget Report Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs