The results for July for Brahms & Sons follow:

	Actual (based on actual sales of 61,600 units)						Master Budget (based on budgeted sales of 56,000 units)
Sales revenues		$	448,000					$	460,000
Less
Variable costs
Direct material			56,700						46,000
Direct labor			50,600						60,000
Variable overhead			59,250						60,000
Marketing			18,450						18,000
Administration			17,000						18,000
Total variable costs		$	202,000					$	202,000
Contribution margin		$	246,000					$	258,000
Less
Fixed costs
Manufacturing			103,200						100,800
Marketing			25,100						22,400
Administration			79,700					$	78,400
Total fixed costs		$	208,000					$	201,600
Operating profits		$	38,000					$	56,400

Required:

Prepare a flexible budget for Brahms & Sons for July. (Do not round intermediate calculations.)

BRAHMS & SONS
Flexible Budget
Sales revenue
Variable costs:
Manufacturing costs
Direct material
Direct labor
Variable overhead
Marketing
Administration
Total variable costs	$0
Contribution margin	$0
Fixed costs:
Manufacturing
Marketing
Administration
Total fixed costs	$0
Operating profits	$0