Problem 16-55 (Algo) Prepare Flexible Budget (LO 16-2) Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 585 units) $102,880 Master Budget (based on budgeted 650 units) $110,500 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs. Contribution margin Fixed costs Manufacturing Marketing Administrative 12,224 13,000 12,320 14,300 7,370 11,926 9,100 12,610 5,850 5,850 $ 49,690 $ 54,860 $ 53,190 $ 55,640 4,460 9,784 4,600 9,400 9,964 10,000 Total fixed costs $ 24,208 $ 24,000 Operating profits $ 28,982 $ 31,640 There are no inventories. Required: Prepare a flexible budget for Odessa, Inc. (Do not round intermediate calculations.) ODESSA, INC. Sales revenue Flexible Budget