Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no Inventori following information is available for the current month: Actual (based on actual orders for 450,000 units) $4,493,000 Master Budget (based on budgeted orders for 480,000 units) $4,320,000 Sales revenue Less Variable costs Materials Direct labor 1,536,000 1,536,000 221,000 288,000 Variable overhead 530,900 480,000 Variable marketing and administrative 370,500 384,000 Total variable costs $2,658,400 $2,688,000 Contribution margin $1,834,600 $1,632,000 Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: 878,200 288,000 850,000 288,000 194,000 172,000 $1,360,200 $1,310,000 $ 474,400 $ 322,000 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)