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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

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

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