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 actual orders for 450,000 units) Master Budget (based on budgeted orders for 480,000 units) Sales revenue $ 4,972,000 $ 4,800,000 Less Variable costs Materials 1,680,000 1,680,000 Direct labor 250,000 312,000 Variable overhead 675,900 624,000 Variable marketing and administrative 445,000 456,000 Total variable costs $ 3,050,900 $ 3,072,000 Contribution margin $ 1,921,100 $ 1,728,000 Less Fixed costs Manufacturing overhead 913,400 885,000 Marketing 281,000 281,000 Administrative 198,000 176,000 Total fixed costs $ 1,392,400 $ 1,342,000 Operating profits $ 528,700 $ 386,000 Required: Prepare a flexible budget for Osage, Inc.