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Ratchet Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report

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Ratchet Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2022 Difference Favorable Unfavorable. Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials $48,000 $47,000 $1,000 Favorable Direct labor 54,000 51,200 2,800 Favorable Indirect materials 24,000 24,200 200 Unfavorable Indirect labor 18,000 17,500 500 Favorable Utilities 15,000 14,900 100 Favorable Maintenance 12,000 12.400 400 Unfavorable Total variable: 171,000 167,200 3,800 Favorable Fixed costs Rent 12,000 12,000 Supervision 17,000 17,000 -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable Depreciation 6,000 6,000 -0- Neither Favorable nor Unfavorable

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