"roblem 16-58 (Algo) Prepare Flexible Budget (LO 16-2) Bottingham Forest Products reports the following information concerning operations for the most recent mont Actual (based Master Budget on actual sales of 5,040 units) $240,700 (based on budgeted sales of 4,200 units) $ 197,400 Sales revenue: Less Manufacturing costs: Direct labor Materials Variable overhead. Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 50,382 39,080 31,500 27,280 16,688 13,100 7,885 6,280 7,295 6,580 $113,850 $52,400 $ 120, 850 $ 105,000 39,050 37,480 14,940 12,280 9,630 10,480 $ 63,620 $ 80,240 $ 63,230 $44,760 There are no inventories. Required: Prepare a flexible budget for Nottingham Forest Products Note: Do not round intermediate calculations. NOTTINGHAM FOREST PRODUCTS Sales revenue Flexible Budget Variable costs Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Less fixed costs Manufacturing Marketing Administrative Total Bed costs Operating prot C