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A new accounting intern at Gibson Corporation lost the only copy of the period's master budget. The CFO wants to evaluate performance for this period but needs the master budget to do so. Actual results for the period follow nie von al revenue Variable et Manufacturing Marketing and dinistrative Contribution margin Tired coats Mantacting Marketing and administrative Operating profit 140,000 unit 9784,000 172.400 1040 350.00 220.400 115.100 $200.860 The company planned to produce and sel 116,200 units for $5.00 each. At that volume, the contribution margin would have been $406,700. Variable marketing and administrative costs are budgeted at 10 percent of sales revenue Manufacturing fixed costs are estimated at $2.00 per unit at the normal volume of 116,200 units. Management notes, "We budget an operating fofit of $100 per unit at the normal volume Required: - Construct the master budget for the period. b. Prepare a profit variance analysis Complete this question by entering your answers in the tabs below. Required A Required Prepare a profit variance analysis. (Do not round intermediate calculations. Indicate the effect of each varano by selecting for favorable, or for antavorable. If there is no effects GIBSON CORPORATION Prof Verlanca Analysis Actual Manufacturing Vurances Manating and Administrave Vacances Bale Price Variance Activity Varian Menu Budget $ 784.000 Variable cost Manufacturing Marting and administrative Contration margin 172.480 70,560 340.000 1 Manutdung Marty and adve 220,400 115.700 204.860 $ Required A