Waterway was about to close the books on the company's second year of business. Things had gone well, but not quite

as well as the company had planned. Management had expected sales volume to be $22,200$ units, compared to actual

sales of $20,600$ units. The company's budgeted information is as follows.

Selling price

$$25\mathrm{.}00$ per unit

DM cost

$$5\mathrm{.}30$ per unit

DL cost

$$4\mathrm{.}50$ per unit

Variable$-$MOH cost

$$1\mathrm{.}90$ per unit

Fixed$-$MOH costs

$$156,900\mathrm{.}00$

Fixed SG&A costs $,$$$112,100\mathrm{.}00$

$($a$1)$

Prepare a master budget and a flexible budget for the company.