Mason prepared a budget last period that called for sales of 200 units at a price of $100 each. Variable manufacturing costs were budgeted to be $39 per unit, and variable marketing costs were budgeted to be $11 per unit. Total fixed manufacturing, marketing, and administrative costs were budgeted to be $500, $1,000, and $1,000, respectively. During the period, actual sales totaled 170 units (units produced equaled units sold), and actual sales revenue totaled $18,400. Actual variable manufacturing and marketing costs totaled $6,880 and $2,060, respectively. Actual fixed manufacturing, marketing, and administrative costs totaled $485, $1,040, and $995, respectively.
Prepare a profit variance report to show the difference between the master budget and the actual profits.