The results for July for Brahms & Sons follow: Actual (based on actual sales of 66,000 units) $440,000 Master Budget (based on budgeted sales of 60,000 units) $450,000 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 55,700 55,600 64,400 22,450 20,850 $219,000 $221,000 45,000 65,000 65, ege 22, e90 22,000 $219,000 $231,000 110,000 20,600 85,500 $216, 100 $ 4,900 108,000 18,000 $ 84,000 $210,000 $ 21,000 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 Saved work $ 4,900 $ 21,000 Operating profits Required: Prepare a flexible budget for Brahms & Sons for July. (Do not round in BRAHMS & SONS Flexible Budget Sales revenues $ 440,000 Variable costs: Direct material Direct labor Variable overhead Marketing Administration Total variable costs 55,700 55,600 64,400 2,2451 $ 20,850 198,795 241,205 $ Contribution margin Fixed costs: Manufacturing Marketing Administration 20,600 85,500 Total fixed costs $ 84,000 190,100 51,105 Operating profits $