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) $4,968,000 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 1,440, eee 245, eee 626,700 467,5ee $2,779, 2ee $2,188,800 1,440, eee 312, eee 576,000 480,000 $2,808, eee $1,992.eee nicos 968,700 285, eee 198,00 $1,451,700 $ 737,100 940, eee 285,000 177, eee $1,482.ee $ 599, eee 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 Contribution margin Fixed costs ME SFW Hill Prey 1 of 4 Next > Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) OSAGE, INC. Flexible Budget ences 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)