Odessa, Inc., reports the following information concerning operations for the most recent month:

There are no inventories.

Required:

Prepare a flexible budget for Odessa, Inc. (Do not round intermediate calculations.)

 

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 Actual (based on actual of 630 units) $97,400 14,642 12,000 8,010 5,900 4,900 $45,452 $51,948 4,560 9,484 9,459 $23,503 $28,445 Master Budget (based on budgeted 700 units) $105,000 15,400 14,000 9,800 6,580 4,900 $ 50,680 $ 54,320 4,700 9,100 9,500 $ 23,300 $ 31,020