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) $4,966,000 Master Budget (based on budgeted orders for 480,000 units) $4,800,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin 1,536,000 1,536,000 248,000 312,000. 579,700 528,000 397,000 408,000 $2,760,700 $2,784,000 $2,205,300 $2,016,000 Less Fixed costs Manufacturing overhead 908,400 880,000 Marketing 278,000 278,000 Administrative 203,000 179,000 Total fixed costs $1,389,400 $1,337,000 Operating profits $ 815,900 $ 679,000 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)