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Crane Company uses budgets in controlling costs. The August 2022 budget report for the companys Assembling Department is as follows.

Crane Company Budget Report Assembling Department For the Month Ended August 31, 2022
			Difference
Manufacturing Costs	Budget	Actual	Favorable Unfavorable Neither Favorable nor Unfavorable
Variable costs
Direct materials	$ 50,740	$ 49,740	$ 1,000	Favorable
Direct labor	54,280	51,480	2,800	Favorable
Indirect materials	25,960	26,260	300	Unfavorable
Indirect labor	22,420	21,940	480	Favorable
Utilities	14,750	14,580	170	Favorable
Maintenance	5,900	6,120	220	Unfavorable
Total variable	174,050	170,120	3,930	Favorable
Fixed costs
Rent	10,000	10,000	0	Neither Favorable nor Unfavorable
Supervision	18,200	18,200	0	Neither Favorable nor Unfavorable
Depreciation	5,200	5,200	0	Neither Favorable nor Unfavorable
Total fixed	33,400	33,400	0	Neither Favorable nor Unfavorable
Total costs	$ 207,450	$ 203,520	$ 3,930	Favorable

The monthly budget amounts in the report were based on an expected production of 59,000 units per month or 708,000 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 57,000 units were produced.

(a) & (b)

(a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.)

The formula is

$ enter a dollar amount + variable costs of $ enter a dollar amount per unit.

(b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.)

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