The results for July for Brahms & Sons follow:

	Actual (based on actual sales of 63,800 units)						Master Budget (based on budgeted sales of 58,000 units)
Sales revenues		$	458,000					$	470,000
Less
Variable costs
Direct material			57,900						47,000
Direct labor			53,900						63,000
Variable overhead			62,200						63,000
Marketing			22,450						22,000
Administration			20,550						22,000
Total variable costs		$	217,000					$	217,000
Contribution margin		$	241,000					$	253,000
Less
Fixed costs
Manufacturing			106,800						104,400
Marketing			26,000						23,200
Administration			82,700					$	81,200
Total fixed costs		$	215,500					$	208,800
Operating profits		$	25,500					$	44,200

Required:

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