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Blue Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. BLUE COMPANY (b1) Budget Report Assembling Department For the Month Ended August 31, 2017 Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) Difference BLUE COMPANY Assembling Department Manufacturing Costs Favorable Budget Actual Flexible Budget Report Unfavorable Variable costs Direct materials $53,760 $52,760 $1,000 Favorable Difference Direct labor 61,440 58,340 3,100 Favorable Favorable Indirect materials 25,600 25,700 100 Unfavorable Unfavorable Neither Favorable Indirect labor 19,200 18,730 470 Favorable Budget Actual Costs nor Unfavorable Utilities 22,400 22,240 160 Favorable Maintenance 7,680 7,940 260 Unfavorable Total variable 190,080 185,710 4,370 Favorable Fixed costs Rent 10,500 10,500 -0- Supervision 16,100 16, 100 -0- Depreciation 5,400 5,400 -0- Total fixed 32,000 32,000 -0- Total costs $222,080 $217,710 $4,370Favorable 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) Your answer is correct. State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) The formula is $ 32000 + variable costs of $ 2.97 per unit. SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR PROBLEM LINK TO TEXT Attempts: 1 of 10 used