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)						Master Budget (based on budgeted orders for 480,000 units)
Sales revenue		$	4,974,000					$	4,800,000
Less
Variable costs
Materials			1,680,000						1,680,000
Direct labor			248,000						312,000
Variable overhead			579,500						528,000
Variable marketing and administrative			466,500						480,000
Total variable costs		$	2,974,000					$	3,000,000
Contribution margin		$	2,000,000					$	1,800,000
Less
Fixed costs
Manufacturing overhead			953,400						925,000
Marketing			284,000						284,000
Administrative			196,000						173,000
Total fixed costs		$	1,433,400					$	1,382,000
Operating profits		$	566,600					$	418,000

Required:

Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.)