The following information concerning actual results is available from Hamburg, Incorporated: Sales volume Sales revenue Variable...

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The following information concerning actual results is available from Hamburg, Incorporated: Sales volume Sales revenue Variable costs: Manufacturing Marketing and administrative Fixed costs: Manufacturing Marketing and administrative 75,600 units $ 786,100 199,270 137,150 216,500 62,690 Operating profit $ 170,490 The company planned to sell 65,800 units at a price of $11 each. Variable marketing and administrative costs are budgeted at 15 ercent of revenue. You have discovered that the manufacturing fixed costs are budgeted to be $3 per unit at the budgeted volume. You know that the company policy is to budget for an operating profit of $2.55 per unit. Finally, you recall that the master budget for ixed marketing and administrative costs is $65,800. Hamburg does not carry any inventories. Required: Prepare a report showing the differences between the actual results, flexible budget, and the master budget. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Sales units Sales revenue Profit Variance Analysis Actual Manufacturing Variance Marketing and Administrative Sales Price Variance Flexible Budget Sales Activity Variance Variance Master Budget 75,600 786,100 Variable costs: Manufacturing 199,270 Marketing and administrative 137,150 Contribution margin $ 449,680 Fixed costs: Manufacturing 216,500 Marketing and administrative 62,690 Operating profit $ 170,490 The following information concerning actual results is available from Hamburg, Incorporated: Sales volume Sales revenue Variable costs: Manufacturing Marketing and administrative Fixed costs: Manufacturing Marketing and administrative 75,600 units $ 786,100 199,270 137,150 216,500 62,690 Operating profit $ 170,490 The company planned to sell 65,800 units at a price of $11 each. Variable marketing and administrative costs are budgeted at 15 ercent of revenue. You have discovered that the manufacturing fixed costs are budgeted to be $3 per unit at the budgeted volume. You know that the company policy is to budget for an operating profit of $2.55 per unit. Finally, you recall that the master budget for ixed marketing and administrative costs is $65,800. Hamburg does not carry any inventories. Required: Prepare a report showing the differences between the actual results, flexible budget, and the master budget. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Sales units Sales revenue Profit Variance Analysis Actual Manufacturing Variance Marketing and Administrative Sales Price Variance Flexible Budget Sales Activity Variance Variance Master Budget 75,600 786,100 Variable costs: Manufacturing 199,270 Marketing and administrative 137,150 Contribution margin $ 449,680 Fixed costs: Manufacturing 216,500 Marketing and administrative 62,690 Operating profit $ 170,490