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		$	4,487,000					$	4,320,000
Less
Variable costs
Materials			1,680,000						1,680,000
Direct labor			218,000						288,000
Variable overhead			627,400						576,000
Variable marketing and administrative			445,000						456,000
Total variable costs		$	2,970,400					$	3,000,000
Contribution margin		$	1,516,600					$	1,320,000
Less
Fixed costs
Manufacturing overhead			913,800						885,000
Marketing			288,000						288,000
Administrative			198,000						174,000
Total fixed costs		$	1,399,800					$	1,347,000
Operating profits		$	116,800					$	-27,000

Required:

Prepare a flexible budget for Osage, Inc.(Do not round intermediate calculations.)

CoursHeroTranscribedText: 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)