3 Exercise 16-28 (Algo) Sales Activity Variance (LO 16-3) 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) $4,494,000 Master Budget (based on budgeted orders for 450,000 units) $4,320,000 ak int ances Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin 1,536, eee 226,000 626,300 371,000 $2,759,30e $1,734,700 1,536,000 288,000 576,000 384.000 $2,784.000 $1,536,000 Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 603,900 185,000 126,000 $914,900 $ 819,800 575,000 185,000 185,000 $ 865,000 $ 671,000 Required: Prepare a sales activity variance analysis for Osage, Inc. (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.) OSAGE, INC. Sales Activity Variance a