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			56,800						46,000
Direct labor			54,600						64,000
Variable overhead			63,350						64,000
Marketing			21,450						21,000
Administration			19,800						21,000
Total variable costs		$	216,000					$	216,000
Contribution margin		$	232,000					$	244,000
Less
Fixed costs
Manufacturing			97,500						95,200
Marketing			24,900						22,400
Administration			80,000					$	78,400
Total fixed costs		$	202,400					$	196,000
Operating profits		$	29,600					$	48,000

Required:

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

BRAHMS & SONS
Flexible Budget
Sales revenues
Variable 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