Chapter 16 Graded Homework i Saved Help Save & Exit S Check my work Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no Inventories. The following Information is available for the current month: Actual (based on Master Budget (based oints actual orders for on budgeted orders 450, 080 units) for 480,080 units) Skipped revenue $4, 492, 900 $4, 320,090 Less Variable costs Materials 1, 680, 090 1, 680, 090 Direct labor 267,090 336,008 Book Variable overhead 674, 900 624,090 Variable marketing and administrative 445, 060 456, 090 Total variable costs $3, 856,900 $3, 096, 090 Contribution margin $1, 425, 100 $1, 224,090 Print Less Fixed costs Manufacturing overhead 918, 700 890, 090 References Marketing 289, 090 289,090 Administrative 196, 090 176, 090 otal fixed costs $1, 403, 790 $1, 355,008 Operating profits 21, 490 $ -131, 090 Required: Prepare a flexible budget for Osage, Inc. (Do not round Intermediate calculations.) OSAGE, INC. Flexible Budget Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit (loss) S T