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Exercise 16-29 (Algo) Profit Varlance Analysis (LO 16-4) 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 463,000 units) 54,981 000 Master Budget (based on budgeted orders for 506.000 units) 35,060,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 1,ses, eee 289,90 675,700 494,00 $2,963,200 $2.917300 1,518,00 354,200 657,00 506,000 $3,036,000 32,024,000 991,400 301,000 217 000 $1,589, 480 $ 507,900 961,300 301,000 181,300 1.443.600 $ 580,000 Required: Prepare a profit variance analysis for Osage, Inc. (Do not round Intermediate calculations. Indicate the effect of each variance by selecting "P" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) OSAGE, INC Profit Variance Analysis Manufacturing Marketing and Variances Administrative Variances Actual Sales Price Variance Flexible Budget Sales Activi 5 4.081.000 Sales revenue Variable costs Material