The following information pertains to the month of August. As part of the budgeting process, Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results. Actual Results 30,000 Flexible Budget Sales volume (in units) Static Budget 25,000 $1,250,000 600,000 Sales revenues Variable costs $1,500,000 744.000 Ata 756,000 $ 650,000 Contribution margin Fixed costs Operating profit 458.000 $ 298,000 ta 450.000 $ 200,000 The flexible budget will report for fixed costs. $744,000 $756,000 $450,000 $458,000 Cannot be determined with the information given MacBc