Exercise 16-27 Prepare Flexible Budget (LO 16-2) 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 actual orders for Master Budget (based on budgeted orders for 450,000 units) 0 Variable costs Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Manufacturing overhead 2 7 Administrative Total fixed costs