The master budget at Monroe Manufacturing last period called for sales of 43,900 units at $61 each. The costs were estimated to be $45 variable per unit and $543,000 fixed. During the period, actual production and actual sales were 46,900 units. The selling price was $60 per unit. Variable costs were $47 per unit. Actual fixed costs were $534,000.

Required:

Prepare a flexible budget for Monroe Manufacturing.

Monroe Manufacturing
Flexible Budget
Sales revenue
Variable costs
Contribution margin
Fixed costs
Operating profit