Crane Corporations master (static) budget for the year is shown below:

Sales (60,300 units)		2,050,200
Cost of goods sold:
Direct materials	186,930
Direct labor	470,340
Overhead (variable overhead
applied at 40% of direct labor cost)	243,000	900,270
		1,149,930
Gross profit
Selling expenses:
Sales commissions (all variable)	167,634
Rent (all fixed)	43,000
Insurance (all fixed)	33,000
General expenses:
Salaries (all fixed)	93,500
Rent (all fixed)	78,500
Depreciation (all fixed)	53,000	468,634
Operating income		681,296

required 1- During the year the company manufactured and sold 55,300 units of product. Prepare a flexible budget for this level of output.

required -2 Now suppose, that the actual level of output was 65,300 units. Prepare a flexible budget for this level of output.