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 Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 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 1,440,000 1,440,000 275,000 336,000 626,900 576,000 418,500 432,000 $2,760,400 $2,784,000 $2,206,600 $2,016,000 653, 200 175,000 128,000 625,000 175,000 105,000 $ 956,200 $ 905,000 $1,250,400 $1,111,000