James Manufacturing had the following information available for July: Flexible Budget Variance Actual Results 11,500 ? Flexible Budget ? ? Sales Activity Variance 4,000U ? Master Budget ? ? $14,000F Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin $88,750 $93,000 ? $113,000 ? $ 6,250U ? $7,000F $ 34,000 $53,000 ? ? $6,400U ? What was James's flexible budget contribution margin for July? $41,000 $53,000 $47,400 () $59,400