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) $4,967,000 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 1,536,000 270,000 531,900 442,000 $2,779,900 $2,187,100 1,536,000 336,000 480,000 456,000 $2,808,000 $1,992,000 Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative 903,100 282,000 198,000 $1,383,100 $ 804,000 875,000 282,000 175,000 $1,332,000 $ 660,000 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)