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 onMaster Budget (based actual orders for 467,000 units) $4,985,000 on budgeted orders for 514,000 units) $5,140,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative 1,525,000 293,000 676,100 502,000 1,542,000 359,800 668,200 514,000 Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative 992,200 305,000 221,000 $1,518,200 $470,700 961,700 305,000 181,700 Total fixed costs Operating profits $607,600