Exercise 16-28 (Algo) Sales Activity Variance (LO 16-3) eBook Print Osage, Inc, manufactures and sells lamps. The company produces only when it receives orders and therefore, hos no inventories The following information is available for the current month, Actual (based on Master Budget (based actual orders for on budgeted orders 450,000 units) for 480,000 units) Sales revenue $4,490,000 36, 320,000 Less Variable costs Materials 1,536,000 1,536,000 Direct labor 223,000 288,000 Variable overhead 626,700 576,000 Variable marketing and administrative 468,000 450.000 Total variable costs $2,853,700 52,380,000 Contribution margin 31,636,10 $1,440,000 Less Fixed costs Manufacturing overhead 603,200 575,000 Marketing 175,000 175,000 Ministrative 130,500 102,500 Total fixed costs 5200 3852500 Operating profits $ 727,600 $ 582,500 Referencer Required: Prepare a sales activity variance analysis for Osage, Inc (Do not round Intermediate calculations, 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) CARE Required: Prepare a sales activity variance analysis for Osage, Inc. (Do not round intermediate calculation variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not sele- OSAGE, INC. Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget ces Sales revenue Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs Manufacturing overhead Marketing Administrative Total foxed costs Operating profits $ 0 S 0 0 0 $ $ 0 S 0 0 S 0