Exercise 16-28 (Algo) Profit Variance Analysis (LO 16-4) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 284,000 units with revenues of $3,408,000. Total variable costs were budgeted at $1,988,000 and fixed costs at $986,000. During the period, actual production and actual sales were 256,800 units. The actual revenues were $3,451,500. Actual variable costs were $5,60 per unit. Actual fixed costs were $1,016,000 Required: Prepare a profit variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option