Problem 16-58 (Algo) Prepare Flexible Budget (LO 16-2) The results for July for Brahms & Sons follow: Actual (based on actual sales of 59,400 units) $439,000 Master Budget (based on budgeted sales of 54,000 units) $450,000 Sales revenues Less Variable costs Direct material Direct labor 55,700 45,000 54,900 64,000 Variable overhead 63,350 64,000 Marketing 22,500 22,000 Administration 20,550 22,000 Total variable costs $217,000 $217,000 Contribution margin $222,000 $233,000 Less Fixed costs Manufacturing Marketing Administration Total fixed costs Operating profits 93,900 24,500 77,100 $195,500 91,800 21,600 $ 75,600 $189,000 $ 26,500 $ 44,000 Required: Prepare a flexible budget for Brahms & Sons for July. (Do not round intermediate calculations.)