Nottingham Forest Products reports the following information concerning operations for the most recent month: Actual (based Master Budget (based on of 4,425 on actual sales budgeted sales of 5,310 units) $ 254,200 units) $ 207,975 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative 50,472 39,170 31,690 27,370 16,778 13,270 7,975 6,370 6,670 $ 114,300 $ 92,850 7,385 $ 139,900 39,185 15,030 $ 115,125 37,570 12,370 9,765 10,570 Total fixed costs $ 63,980 $ 60,510 Operating profits $ 75,920 $ 54,615 There are no inventories. Required: Prepare a flexible budget for Nottingham Forest Products. Note: Do not round Intermediate calculations. NOTTINGHAM FOREST PRODUCTS Sales revenue Variable costs: Flexible Budget Manufacturing costs: Direct labor Materials Variable overhead Marketing Administrative Total variable costs $ 0 Contribution margin $ Less fixed costs: Manufacturing Marketing Administrative Total fixed costs $ 0 Operating profit $ 0