Question 5 (1 point) Aaron's chairs is in the process of preparing a production cost budget for August. Actual costs in July for 120 chairs were: Materials cost Labor cost Rent Depreciation Other fixed costs $4,840 2.980 1,500 2,500 3.200 Materials and labor are the only variable costs. If production and sales are budgeted to change to 100 chairs in August, how much is the expected total variable cost on the August budget? Your