Problem 16-53 Prepare Flexible Budget (LO 16-2) The results for July for Brahms & Sons follow: Actual (based on actual sales of 61,600 units) $459,000 Master Budget (based on budgeted sales of 56,000 units) $470,000 Sales revenues Less Variable costs Direct material Direct labor Variable overhead Marketing Administration Total variable costs Contribution margin Less Fixed costs Manufacturing Marketing Administration Total fixed costs Operating profits 58,000 45,700 54,300 20,450 18,550 $197,000 $262,000 47,000 55,000 55,000 20,000 20,000 $ 197,000 $273,000 97,500 25,000 85,400 $207,900 $ 54,100 95,200 22,400 $ 84,000 $201.600 $ 71,400 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 profits 0 $ $ 0 $ 0 $ 0