A new accounting intern at Gibson Corporation lost the only copy of this 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:

Sales volume		230,000	units
Sales revenue	$	1,545,600
Variable costs
Manufacturing		340,032
Marketing and administrative		139,104
Contribution margin	$	1,066,464
Fixed costs
Manufacturing		447,200
Marketing and administrative		278,200
Operating profit	$	341,064

The company planned to produce and sell 195,500 units for $6.00 each. At that volume, the contribution margin would have been $821,100. Variable marketing and administrative costs are budgeted at 10 percent of sales revenue. Manufacturing fixed costs are estimated at $2.40 per unit at the normal volume of 195,500 units. Management notes, "We budget an operating profit of $1.00 per unit at the normal volume."

Required:

(a)	Construct the master budget for the period. (Do not round your intermediate calculations.Round your answers to the nearest dollar amount.)

(b)	Prepare a profit variance analysis like the one in Exhibit 16.5.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).Do not round your intermediate calculations. Round your answers to the nearest dollar amount.)