The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley Company is in the process of preparing the flexible budget and understanding the results. Actual Results 30.000 Flexible Budget Static Budget 25.000 Sales volume (in units) Sales revenues Variable costs $1.500.000 744,000 S $ $1,250,000 600,000 Contribution margin 756.000 $ 650,000 Fixed costs 458,000 $ Operating profit $ 298.000 $ 460,000 $ 190,000 The flexible budget will report for variable costs. $744,000 O $600,000 O $480,000 $720,000 O cannot be determined with the information given