(b) Prepare a budget report for August using flexible budget data. Why does this report basis for evaluating performance than the report based on static budget data? RATCHET COMPANY Assembling department Flexible budget Report For the Month Ended August 31, 2017 Difference Budget at Actual Costs Favorable F Units 58,000 units 58,000 units Unfavorable U Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed Total costs