Cost Accounting

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 Haster Budget (a actual orders for on budgeted onders 450.000 units) for 400,000 units). Sales revenue 54,966,000 54,300,000 Less Variable costs Materials 1,400,000 1,440,000 Direct labor 245,000 312,000 Variable overhead 626,000 576.000 Variable marketing and administrative 44,00 456,000 Total variable costs $2,255.000 $2,784,000 Contribution margin $2,211,000 52,016,000 Fixed costs Manufacturing overhead 898.900 370.000 Marketing 283,000 283,000 Administrative 201.000 172.000 Total sed costs $1.382.900 51.330.000 Operating profits 5 828,100 Required: Prepare a flexible budget for Osage Inc (Do not round intermediate calculations.) OSAGE, INC. Flexible Budget Sales revenue Variable costs: Materials Direct labor $ 0 $ 0 Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit (loss) 0 GAGA $ $ 0