The results for July for Brahms & Sons follow: Actual (based on actual sales of 62,400 units) $448,000 Master Budget (based on budgeted sales of 52,000 units) $460,000 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 56,700 46,800 55,150 20,450 18,900 $198,000 $250,000 46,000 56,000 56,000 20,000 20,000 $198,000 $ 262,000 95,600 23,400 79,500 $198,500 $ 51,500 93,600 20,800 $ 78,000 $ 192,400 $ 69,600 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 Contribution margin Fixed costs: Manufacturing Marketing Administration Total fixed costs Operating profits