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		$	4,494,000					$	4,320,000
Less
Variable costs
Materials			1,680,000						1,680,000
Direct labor			267,000						336,000
Variable overhead			675,300						624,000
Variable marketing and administrative			419,000						432,000
Total variable costs		$	3,041,300					$	3,072,000
Contribution margin		$	1,452,700					$	1,248,000
Less
Fixed costs
Manufacturing overhead			974,000						945,000
Marketing			281,000						281,000
Administrative			197,000						176,000
Total fixed costs		$	1,452,000					$	1,402,000
Operating profits		$	700					$	-154,000

Required:

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

OSAGE, INC. Flexible Budget Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit loss)