Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 540 units) $88,320 Master Budget (based on budgeted 600 units) $96,000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 13,632 11,520 7,872 5,088 4,800 $42,912 $45,408 14,400 13,440 9,600 5,760 4,800 $48,000 $48,000 4,665 9,984 9,561 $24,210 $21,198 4,800 9,600 9,600 $24,000 $24,000 There are no inventories. Answer is complete but not entirely correct. ODESSA, Inc. Flexible Budget $ 86,400 Sales revenue Variable costs: Manufacturing costs: Direct labor Materials 12,960 11,880 X 8,640 5,400 x Variable overhead Marketing Administrative 4,320 $ Total variable costs Contribution margin 43,200 43,200 $ $ Fixed costs: Manufacturing Marketing Administrative Total fixed costs Operating profits 4,800 9,600 9,600 24,000 19,200 $ $