The results for July for Brahms & Sons follow: Master Budget Actual (based on (based on budgeted actual sales of sales of 54,000 59,400 units) units) $439,500 $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 56,000 47,800 56,150 19,450 17,600 $197,000 $242,500 45,000 57,000 57,000 19,000 19,000 $197,000 $253,000 99,500 18,700 77,100 $195,300 $ 47,200 97,200 16,200 $ 75,600 $189,000 $ 64,000 Required: Prepare a flexible budget for Brahms & Sons for July. (Do not round intermediate calculations.)