Actual (based on actual orders for 392,000 units) $ 7,448,000 Master Budget (based on budgeted orders for 350,000 units) $ 7,000,000 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 Required: Prepare a profit variance analysis for Fournier Fixtures 2,600,000 230,000 1,180,000 860,000 $ 4,870,000 $ 2,578,000 2,310,000 210,000 1,050,000 770,000 $ 4,340,000 $ 2,660,000 1,560,000 475,000 300,000 $ 2,335,000 1,580,000 460,000 325,000 $ 2,365,000 $ 295,000 $ 243,000 Note: Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option. Sales revenue Variable costs: Materials Answer is not complete. Fournier Fixtures Profit Variance Analysis Actual Manufacturing Variances Marketing and Administrative Variances Sales Price Variance S 7,448,000 $ 1 x Flexible Budget $7,840,000 Sales Activity Variance Master Budget $ 1 x $ 7,000,000 2,600,000 S 1 2,587,200 1 Direct labor 230,000 1 x 235,200 1 x Variable overhead 1,180,000 1 1,176,000 1 2,310,000 210,000 1,050,000 Variable marketing and administrative 880,000 S 1 x 862,400 1 770,000 Total variable costs S 4,870,000 S 1 S 1 $4,860,800 $ 1 $ 4,340,000 Contribution margin S 2,578,000 S 1 x S 1 x $ 1 x $2,979,200 $ 1 x $ 2,660,000 Fixed costs: Manufacturing overhead 1,560,000 1 x 1,580,000 Marketing 475,000 1 x 460,000 Administrative Total fixed costs Operating profits 300,000 1 325,000 000 1,580,000 460,000 S 2,335,000 S 1 S 243,000 1 x * S 1 $2,365,000 325,000 $ 2,365,000 S 1 x S $ 614,200 $ 1 $ 295,000