Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is an follows 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 $48,380 $47,280 $1.100 Favorable Direct labor 57,820 54.520 3,300 Favorable Indirect materials 25.960 26,060 100 Unfavorable Indirect labor 21.240 20.790 450 Favorable Utilities 20.650 20.510 140 Favorable Maintenance 7,080 7.190 110 Unfavorable 181.130 Total variable 176.350 4,780 Favorable Maintenance 7.080 7.190 110 Unfavorable Total variable 181130 176,350 4.780 Favorable Fhed costs Rent 12.100 12.100 Supervision 19.000 19.000 Depreciation -O- Neither Favorable por Unfavorable -0. Neither Favorable nor Unfavorable - Neither Favorable nor Unfavorable -- Neither Fzvorable nor Unfavorable $219,530 $214.750 54.780 Favorable 7300 7300 Total fored 38.400 38.400 Total costs The monthly budget amounts in the report were based on an expected production of 59.000 units per month or 700.000 units per year. The Assembling Department manager is pleased with the report and expects arise, or at least praise for job well done. The company president, however, is unhappy with the results for August because only 57.000 units were produced (a) State the total monthly budgeted cost formula (Round cost per unit to 2 decimal places 1.25.) The formula 5 variable costs of RATCHET COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Die Have Unte Neither har al Budget Actual Costa - In September, 63.000 units were produced. Prepare the budget report using flexible budget dat, assuming (1) each variable cost was 10% higher than its actual cont in August, and (21 fund costs were the same in September as in Augusta variable costs before found out RATCHET COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2020 Diffe Fave Unfay Neither nor Unit Budget Actual Costs