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Accounting help!! Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no inventories. The following information is

Accounting help!!

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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: Actual (based on Master Budget (based actual orders for on budgeted orders for 460,000 units) 500,000 units) Sales revenue $4,978,000 $5,000,000 Less Variable costs Materials 1,490,000 1,500,000 286,000 350,000 Direct labor 675,400 650,000 Variable overhead 488,000 500,000 Variable marketing and administrative Total variable costs $2,939,400 $3,000,000 S2098 600 S2000,000 Contribution margin Less Fixed costs 961,000 990,800 Manufacturing overhead 298,000 289,000 Marketing 214,000 181,000 Administrative Total fixed costs 535,800 569,000 Operating profits

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