Ratchet Companyuses budgets in controlling costs. The. August 2020 budget raport for the company's Assembling Departmant is as s.ilc..year. The Assambling Dapartment manazer is plasad with the report and expects a raise, or at least praiss for a job well done. The company president, however, is unhappy with the rasults for August because only 59,000 units ware produced. The monthly budgat amounts in the report ware based on an expectad prod uction of 61,000 units per month or 732,000 units per year. The Assembling Dapartmant manaser is plasad with the report and expscts a raise, or at lezst praiss for a job well done. The company president, however, is unhappy with the results for August because anly 59 , 000 units ware produced. (a) State the total monthly budsated cost formula. (Round cost per unit to 2 decimal ploces, eg. 1.25) 5 + variable costs of S per unit. (b) Prapara a budat report for August using flaxible budast date (List wariable costs before fiked costs) RATCHET COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Ifdirsct Labor In Saptember, 65,000 units wers producad. Prepars the budgat report using ilexibla budnat data, assuming (1) each variable coct was 10 Os highar than its actual cost in August, and (2) fixad costs ware tha sama in September as in August: (List voriable costs before fixed casts] RATCHET COMPANY Assembing Department Flexible Budget Report For the Month Ended September 30, 2020 5 $