k nces: The results for July for Brahms & Sons follow: Actual (based on Sales revenues Less Variable costs Direct material Direct labor Variable overhead Marketing Administration Contribution margin Less Fixed costs Manufacturing Marketing Administration Total fixed costs. Operating profits actual sales of 55,000 units) $450,000 Master Budget (based on budgeted sales of se,eee units) $460,000 56,600 46,000 51,700 61,000 60,250 61,000 22,400 22,000 21,050 22,000 Total variable costs $212,000 $212,000 $238,000 $248,000 87,300 85,000 17,700 15,000 71,600 $176,600 $ 70,000 $170,000 $ 61,400 $ 78,000 Required: Prepare a flexible budget for Brahms & Sons for July. (Do not round intermediate calculations.) BRAHMS & SONS Sales revenues Variable costs: Direct material Direct labor Variable overhead Marketing Administration Total variable costs Contribution margin Fixed costs: Manufacturing Marketing Administration Total fixed costs Operating profits Flexible Budget