The following information is provided concerning the operations of Tolstoy Corporation for the current period:

There are no inventories.
Required Prepare a flexible budget for Tolstoy Corporation.

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Actual (based on actual of 360 units) $13,800 Master Budget (based on budgeted 400 units) $15,000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing 2,130 2,250 1,800 2,100 1,230 1,500 795 900 Administrative 750 750 Total variable costs $ 6,705 Contribution margin $ 7,095 Fixed costs Manufacturing Marketing... Administrative Total fixed costs Operating profits 729 1,560 1,494 $ 7,500 $ 7,500 750 1,500 1,500 $ 3,750 $ 3,783 $ 3,312 $ 3,750