4. 400 points Problem 16-53 Prepare Flexible Budget (LO 16-2) The results for July for Brahms & Sons follow: Actual (based on actual sales of 69,600 units) S488,500 Master Budget (based on budgeted sales of 58,000 units) $500,000 Sales revenues Less Variable costs Direct material Direct labor Variable overhead Marketing Administration 60,600 56,000 64.150 20,400 18,850 $220,000 $268,500 50,000 65,000 65,000 20,000 20,000 $220,000 $280,000 Total variable costs Contribution margin Less Fixed costs Manufacturing Marketing Administration 106,800 20.100 82,500 S209.400 104,400 17,400 $ 81 Total fixed costs Operating profits S 59.100 77,000 Required Prepare a flexible budget for Brahms & Sons for July. (Do not round intermediate calculations.)