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I'm confused by this? CoursHeroTranscribedText: Check my work Osage, Inc., manufactures and sells...

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Accounting

I'm confused by this?

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CoursHeroTranscribedText: 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 actual orders for on budgeted orders 450,000 units) for 480,000 units) Sales revenue $4,975, 000 $4, 800,000 Less Variable costs Materials 1, 536, 000 1, 536,000 Direct labor 218, 000 288,000 Variable overhead 626, 300 576,000 Variable marketing and administrative 373, 500 384,000 Total variable costs $2,753, 800 $2, 784, 000 Contribution margin $2, 221, 200 $2, 016, 000 Less Fixed costs Manufacturing overhead 943, 400 915, 060 Marketing 278,000 278, 000 Administrative 198,000 176, 090 Total fixed costs $1, 419, 400 $1, 369, 000 Operating profits $ 801, 800 $ 647,000 Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) Prev 3 9 Next

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