The results for July for Brahms & Sons follow:

	Actual (based on actual sales of 59,400 units)						Master Budget (based on budgeted sales of 54,000 units)
Sales revenues		$	439,000					$	450,000
Less
Variable costs
Direct material			55,800						45,000
Direct labor			52,600						62,000
Variable overhead			61,400						62,000
Marketing			20,450						20,000
Administration			18,750						20,000
Total variable costs		$	209,000					$	209,000
Contribution margin		$	230,000					$	241,000
Less
Fixed costs
Manufacturing			99,400						97,200
Marketing			19,100						16,200
Administration			77,200					$	75,600
Total fixed costs		$	195,700					$	189,000
Operating profits		$	34,300					$	52,000

Required:

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