The results for July for Brahms & Sons follow: Actual (based on actual sales of 62,400 units) $449,500 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 56,600 53,600 62,200 23,450 22,150 $218,000 $231,500 46,000 63,000 63,000 23,000 23,000 $218,000 $242,000 95,600 23,500 74,100 $ 193,200 $ 38,300 93,600 20,800 $ 72,800 $187,200 $ 54,800 Required: Prepare a flexible budget for Brahms & Sons for July. (Do not round intermediate calculations.) BRAHMS & SONS Flexible Budget Sales revenue Variable costs: Manufacturing costs Direct material Direct labor Variable overhead Marketing Administration Total variable costs Contribution margin Fixed costs: Manufacturing Marketing Administration Total fixed costs Operating profits