Brief Exercise 14-13 [LO 14-2]

The Baldwin Company, in its master budget for 2019, predicted total sales of $171,000, variable costs of $53,500, and fixed costs of $55,300 ($25,100 manufacturing and $30,200 nonmanufacturing). Actual sales revenue for 2019 turned out to be $155,000. Actual costs were as follows: variable, $55,100, and fixed, $55,500. What was the total master (static) budget variance for 2019? (Note that this variance is also referred to as the total operating income variance.) Was this total variance favorable (F) or unfavorable (U)?