Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as ." r month or 720,000 units per year. Ine Assembing vepartment 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 58,000 units were produced. (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) The formula is + variable costs of $ per unit. (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.)