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Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and therefore, has no inventories. The following information is available for the current month Actual (based on actual orders for 450,000 units) $4,966,000 Master Budget (based on budgeted orders for 480,000 units) $4,800,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 1,536,000 245,000 626, 20e 468,500 $2,875,700 $2,090,300 1,536, eee 312,000 576,000 480,000 $2,904,000 $1,896,000 865, eee 893,700 286,000 195,000 $1,374,700 $ 715,600 286,000 175,000 $1,326,000 $ 570,000 Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) OSAGE, INC. Flexible Budget Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs $ 0 AA Contribution margin $ 0 Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs $ 0 2 ] Olo Operating profit (loss) $ 0