Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month:

Required
Prepare a flexible budget for Osage, Inc.

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Master Budget orders for 480,000 units) $4,800,000 Actual (based on(based on budgeted actual orders for 450,000 units) $4,968.000 Less Variable costs 1,440,000 276,000 674,400 1,440,000 336,000 624,000 Direct labor Variable marketing and 468,000 $2,858,400 $2.109,600 480,000 $2,880,000 $1,920,000 Contribution margin . . . Less Fixed costs 988,800 288,000 204,000 $1.480,800 $ 628,800 960,000 288,000 180,000 $1,428,000 S 492,000