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: Sales revenue Less Variable costs Materials Actual (based on actual orders for 453,000 units) $4,971,000 Direct labor 1,455,000 279,000 Variable overhead 674, 700 Variable marketing and administrative 474,000 Total variable costs $2,882,700 Contribution margin $2,088,300 Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Master Budget (based on budgeted orders for 486, 000 units) $4,860,000 1,458,000 340, 200 631, 800 486,000 $2,916,000 $1,944,000 989, 400 291,000 207,000 $1,487,400 960, 300 291,000 180, 300 $1,431,600 $ 600, 900 $ 512,400