The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 365,000 units with revenues of $3,285,000. Total variable costs were budgeted at $2,190,000 and fixed costs at $880,000. During the period, actual production and actual sales were 345,000 units. The actual revenues were $3,469,500. Actual variable costs were $24.50 per unit. Actual fixed costs were $1,070,000. Required: Prepare a flexible budget for Cherrylawn Corporation. Cherrylawn Corporation Flexible Budget