Brief Exercise 14-13 (Algo) The Baldwin Company, in its master budget [LO 14-2]

The Baldwin Company, in its master budget for 2022, predicted total sales of $176,000, variable costs of $56,000, and fixed costs of $56,800 ($25,600 manufacturing and $31,200 nonmanufacturing). Actual sales revenue for 2022 turned out to be $196,000. Actual costs were as follows: variable, $55,600, and fixed, $58,000.

(1) What was the total master (static) budget variance for 2022?

(2) Was this total variance favorable (F) or unfavorable (U)?