The results for July for Brahms & Sons follow: Actual (based on actual sales of 55,000 units) $489,000 Master Budget (based on budgeted sales of 50,000 units) $500,000 Sales revenues Less Variable costs Direct material Direct labor Variable overhead Marketing Administration Total variable costs Contribution margin Less Fixed costs Manufacturing Marketing Administration Total fixed costs Operating profits 61,000 45,700 54,250 21,500 19,550 $202,000 $287.000 50.000 55,000 55,000 21,000 21,000 $202,000 $298,000 87,300 22.900 71,600 $181,800 $105,200 85,000 20,000 $ 70,000 $175,000 $123,000 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 Contribution margin Fixed costs: Manufacturing Marketing Administration Total fixed costs Operating profits 0 $ $ 0 $ 0 $ 0