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 Sales volume (in units) Static Budget 25,000 $1,250,000 600,000 Sales revenues Variable costs $1,500,000 744.000 756,000 $ Contribution margin 650,000 $ Fixed costs Operating profit 458.000 $ 298,000 460.000 $ 190,000 $ for fixed costs The flexible budget will report $144,000 5956,000 $450,000 O $460,000 O $450,000