Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 450,000 units) $4,490,000 1,536,000 246,000 for 480,000 units) $4,320,000 1,536,000 312,000 627,600 576,000 419,500 432,000 $2,829,100 $2,856,000 $1,660,900 $1,464,000 953,200 287,000 925,000 287,000 202,000 177,000 $1,442,200 $1,389,000 $ 218,700 $ 75,000 Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) OSAGE, INC. Flexible Budget Sales revenue $ 4,050,000 Variable costs: Materials Direct labor Variable overhead 292,500 540,000 Variable marketing and administrative Total variable costs $ 832,500 Contribution margin $ 3,217,500 Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit (loss) $ 0 $ 3,217,500