1 Problem 16-55 (Algo) Prepare Flexible Budget (LO 16-2) Odessa, Inc., reports the following information concerning operations for the most recent month: 20 points Actual (based on actual of 585 units) $109, 370 Master Budget (based on budgeted 650 units) $117,000 eBook Print Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing ng Administrative Total variable costs 1. vari Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 13,528 11,040 9, 250 5,556 5, 200 44,574 $ 64,796 14,300 13,000 11,050 6,240 5, 200 $ 49,790 $ 67,210 References 4,360 10,284 9,863 $ 24,507 $ 40,289 4,500 9,900 9,900 $ 24,300 $ 42,910 There are no inventories. Required: Prepare a flexible budget for Odessa, Inc. (Do not round intermediate calculations.) ODESSA, INC. Flexible Budget Sales revenue Variable costs: There are no inventories. Required: Prepare a flexible budget for Odessa, Inc. (Do not round intermediate calculations.) ODESSA, INC. Flexible Budget Sales revenue Variable costs: Manufacturing costs: Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs: Manufacturing Marketing Administrative Total fixed costs Operating profits