The results for July for Brahms & Sons follow:

Required
Prepare a flexible budget for Brahms & Sons for July.

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Actual (based on actual sales of 58,800 units) Master Budget (based on budgeted sales of 56,000 units) $462,000 $480,000 Less Variable costs 58,800 54,600 63,400 20,400 18,800 $216,000 $246,000 48,000 64,000 64,000 20,000 20,000 16,000 $264,000 Direct material.. Direct labor . Marketing Contribution margin Less . . Fixed costs 102,400 22,800 81,200 $206,400 $39,600 100,000 20,000 80,000 $200,000 $64,000 Marketing