The results for March for Savery Parts follow:

Required

Prepare a flexible budget for Savery Parts for March.

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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.. Actual (based on actual sales of 14,700 units) $263,865 51,520 44,102 34,103 12,204 18,191 $160,120 $103,745 36,460 16,802 24,506 $ 77,768 $ 25,977 Master Budget (based on budgeted sales of 17,500 units) $318,500 63,100 52,300 41,200 13,100 21,400 $191,100 $127,400 33,000 15,000 27,000 $ 75,000 $ 52,400