Sandhill Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. Sandhill Company Budget Report Assembling Department For the Month Ended August 31, 2022 Manufacturing Costs Budget Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable Variable costs Direct materials $55,040 $53.940 $1.100 Favorable Direct labor 62.720 59.320 3,400 Favorable Indirect materials 30,720 30,820 100 Unfavorable Indirect labor : 21,760 21,260 500 Favorable Utilities 16,000 15,890 110 Favorable Maintenance 11,520 11,650 130 Unfavorable Maintenance 11,520 11,650 130 Unfavorable Total variable 197,760 192,880 4,880 Favorable Fixed costs Rent 11,300 11,300 Supervision Depreciation 5,000 17,900 17,900 5,000 -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable Total fixed 34,200 34,200 Total costs -0- Neither Favorable nor Unfavorable $231.960 $227.080 $4,880 Favorable 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) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, eg. 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.) SANDHILL COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2022 Budget Actual Costs Dil Fa Unf Neithe nor U Budget 62.000 Actual Costs 62,000 Favorable Unfavorable Neither Favorable nor Unfavorable 53,320 52.254.38 1,065.62 Unfavorable 60,760 57,466.25 3.29375 Favorable 29.760 29,856.88 Unfavorable 21.080 20,595.63 Unfavorable 15,500 15,393.44 Unfavorable 11.160 11.285.94 Unfavorable Unfavorable Fixed Costs Rent Supervision Depreciation Total Fixed Costs Total Costs eTextbook and Media Save for Later 19 www 0 0 0 Attempts: 3 of 5 used Submit Answer TOPS Ai Lr