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)						Master Budget (based on budgeted orders for 480,000 units)
Sales revenue		$	4,975,000					$	4,800,000
Less
Variable costs
Materials			1,536,000						1,536,000
Direct labor			273,000						336,000
Variable overhead			579,100						528,000
Variable marketing and administrative			372,000						384,000
Total variable costs		$	2,760,100					$	2,784,000
Contribution margin		$	2,214,900					$	2,016,000
Less
Fixed costs
Manufacturing overhead			888,100						860,000
Marketing			276,000						276,000
Administrative			200,000						176,000
Total fixed costs		$	1,364,100					$	1,312,000
Operating profits		$	850,800					$	704,000

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 Contribution margin Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profit (loss)