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:

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 foron budgeted orders for Master Budget (based 450,000 units) $4,490,000 480,000 units) $4320,000 Sales revenue Less Variable costs 1,536,000 243,000 674,600 397,500 $2,851,100 1,536,000 312,000 624,000 408,000 $2,880,000 $1,440,000 Variable overhead Variable marketing and administrative Total variable costs Less Fixed costs Manufacturing overhead Marketing Administrative 948,100 278,000 196,000 $1,422,100 S 216,800 920,000 278,000 172,000 $1,370,000 S 70,000 Total fixed costs Operating profits