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 281,000 units with revenues of $3,372,000. Total variable costs were budgeted at $1,967,000 and fixed costs at $974,000. During the period, actual production and actual sales were 256,200 units. The actual revenues were $3,448,500. Actual variable costs were $5.90 per unit. Actual fixed costs were $1,004,000. 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