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) S4.320,000 Sales revenue Less Variable costs 1,680,000 243,000 579,600 420,000 $2,922,600 $1,569,400 Materials Direct labor Variable overhead Variable marketing and administrative 1,680,000 312,000 528,000 432,000 S2,952,000 $1,368,000 Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative 943,500 290,000 199,000 $1,432,500 S 136,900 915,000 290,000 176,000 $1,381,000 S-13,000 Total fixed costs Operating profits 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: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit (loss)