Question: Aaron's chairs is in the process of preparing a production cost budge for August. Actual costs in July for 120 chairs were: Material costs $4,620 Labor Cost 2,600 Rent 1,500 Depreciation 2,500 Other fixed costs 3,200 Materials and labor are the only variable costs. If production and sales are budgeted to change to 110 chairs in August, how much is the expected total variable cost on the August budget?