1) Please define the following terms: Variable Costs Fixed Costs Manufacturing Costs 2) Tom's Famous Bar-B-Q Sauce Company is in the process of preparing a production budget for October 2019. Actual results for September 2019 are as follows: September 2019 Actual: Total jars of sauce produced Ingredient Costs Labor Costs Rent . 1 2 Depreciation 3 Other fixed costs 4 Total Production Costs 25 26 a) What costs are fixed and what costs are variable? 27 28 b) Prepare the October Production Budget assuming the sales forecast is 48,000 jars of sauce. 29 30 c) Calculate the actual cost per unit in September and the budgeted cost per unit in October. 31 40,000 # $ 28,000 $ 16,000 $ 9,000 $ 6,000 $ 10,000 $ 69,000