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		$	4,971,000					$	4,800,000
Less
Variable costs
Materials			1,536,000						1,536,000
Direct labor			243,000						312,000
Variable overhead			531,400						480,000
Variable marketing and administrative			444,500						456,000
Total variable costs		$	2,754,900					$	2,784,000
Contribution margin		$	2,216,100					$	2,016,000
Less
Fixed costs
Manufacturing overhead			933,800						905,000
Marketing			283,000						283,000
Administrative			200,000						178,000
Total fixed costs		$	1,416,800					$	1,366,000
Operating profits		$	799,300					$	650,000

Required:

Prepare a flexible budget for Osage, Inc.