Problem 16-53 Prepare Flexible Budget (LO 16-2) The results for July for Brahms & Sons follow: Actual (based on actual sales of 58,800 units) $462,000 Master Budget (based on budgeted sales of 56,000 units) $480,000 Sales revenue Less Variable costs Direct material Direct labor Variable overhead Marketing Administrative 58,800 54,600 63,400 20,400 18,800 $216,000 48,000 64,000 64,000 20,000 20,000 Total variable costs Contribution margin Less $264,000 Fixed costs Manufacturing Marketing Administrative 102,400 22,800 81,200 100,000 20,000 80,000 $200,000 64,000 Total fixed costs Operating profits 39,600 Required Prepare a flexible budget for Brahms & Sons for July. (Do not round intermediate calculations.) BRAHMS&SONS Flexible Budget Sales revenue Variable costs: Manufacturing costs Direct material Direct labor Variable overhead Marketing Administration Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administration Total fixed costs Operating profit