The results for July for Brahms & Sons follow: Actual (based on Master Budget (based actual sales of on budgeted sales of 61,600 units) 56,000 units) Sales revenues $450.000 $460,000 Less Variable costs Direct material 56,700 46,000 Direct labor 48,700 58,000 Variable overhead 57,100 58,000 Marketing 19,450 19,000 Administration 18,050 19.000 Total variable costs $200,000 $200,000 Contribution margin $250,000 $260,000 Less Fixed costs Manufacturing 103,000 100,800 Marketing 19,600 16,800 Administration 85,700 84.000 Total fixed costs $208,300 $201,600 operating profits 41,700 58,400 Required Prepare a flexible budget for Brahms & Sons for July (Do not round intermediate calculations)