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) $4,494,000 1,440,000 250,000 Master Budget (based on budgeted orders for 480,000 units) $4,320,000 1,440,000 312,000 576,000 626,400 443,500 456,000 $2,759,900 $2,784,000 $1,734,100 $1,536,000 850,000 286,000 178,000 878,500 286,000 200,000 $1,364,500 $1,314,000 $ 369,600 $ 222,000 Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) Sales revenue Variable costs: Materials Direct labor OSAGE, INC. Flexible Budget Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit (loss) S 0 S S 0 S 0