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Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round

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Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory level changes.) (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.) Reported Income Statement Manufacturing Marketing and Administrative (based on Variance Variance actual sales volume) Sales Price Variance Flexible Budget (based on actual sales volume) Sales Activity Variance Master Budget (based on budgeted sales volume) Units 4,000 F 25,000 37,500 Sales revenue $ 3,700 F $ Less 20,300 17,500 Variable costs Variable manufacturing costs Variable marketing and administrative costs Contribution margin 3,600 592 U 4,292 18,908 $ 1,900 U $ 16,300 Less: 450 F Fixed manufacturing costs Fixed marketing and administrative costs Operating profit 5,100 3,500 $ 3,700 F $ 5,000

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