The results for July for Brahms & Sons follow: Actual (based on actual sales of 67,200 units) $479,000 Master Budget (based on budgeted sales of 56,000 units) $ 490,000 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 59,700 46,500 55, 250 22,450 21,100 $ 205,000 $274,000 49,000 56,000 56,000 22,000 22,000 $205,000 $285,000 103,300 19,600 79,800 $ 202,700 $ 71,300 100,800 16,800 $ 78, 400 $196,000 $ 89,000 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 Contribution margin Fixed costs: Manufacturing Marketing Administration Total fixed costs Operating profits