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