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		$	4,492,000					$	4,320,000
Less
Variable costs
Materials			1,536,000						1,536,000
Direct labor			243,000						312,000
Variable overhead			579,500						528,000
Variable marketing and administrative			397,500						408,000
Total variable costs		$	2,756,000					$	2,784,000
Contribution margin		$	1,736,000					$	1,536,000
Less
Fixed costs
Manufacturing overhead			973,200						945,000
Marketing			277,000						277,000
Administrative			201,000						177,000
Total fixed costs		$	1,451,200					$	1,399,000
Operating profits		$	284,800					$	137,000

Required:

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

Flexible Budget

Sales Revenue :

Variable Costs-

Materials:

Direct Labor:

Variable Overhead:

Variable marketing and administrative:

Total Varible Costs =

Contribution Margin =

Fixed Costs-

Manufacturing Overhead:

Marketing:

Administrative:

Total Fixed Costs =

Operating Profit (Loss)=