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) $4,493,000 Master Budget (based on budgeted orders for 480,000 units) $4,320,000 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 1,680,000 243,000 578,600 420,500 $2,922, 100 $1,570,900 1,680,000 312,000 528,000 432,000 $2,952,000 $1,368,000 973,500 285,000 204,000 $1,462,500 $ 108,400 945,000 285,000 179,000 $1,409,000 $ -41,000 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) S 0 5 S 0 S 0 S 0