Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month:

	Actual (based on actual orders for 408,800 units)	Master Budget (based on budgeted orders for 365,000 units)
Sales revenue	$ 7,767,200	$ 7,300,000
Less
Variable costs
Materials	2,634,800	2,340,000
Direct labor	236,000	216,000
Variable overhead	1,208,800	1,074,000
Variable marketing and administrative	872,000	782,000
Total variable costs	$ 4,951,600	$ 4,412,000
Contribution margin	$ 2,815,600	$ 2,888,000
Less
Fixed costs
Manufacturing overhead	1,614,000	1,640,000
Marketing	536,200	520,000
Administrative	354,000	385,000
Total fixed costs	$ 2,504,200	$ 2,545,000
Operating profits	$ 311,400	$ 343,000

Required:

Prepare a profit variance analysis for Fournier Fixtures

Note: 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.

Required: Prepare a profit variance analysis for Fournier Fixtures Note: 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. Manufacturing Actual Variances $ 7.767 200 Sales revenue Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs 2,634,800 236,000 1,208,800 872,000 $ 4,951,600 Contribution margin Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 2,815.600 1,614,000 536,200 354,000 Fournier Fixtures Profit Variance Analysis Marketing and Administrative Variances Sales Price Variance i Flexible Budget Sales Activity Variance Master Budget $7,300,000 $ o $ $ 2,504,200 $ $ 311,400 $ 2,340,000 216,000 1,074,000 782.000 $4,412,000 $ 2,888,000 1,040,000 520,000 385,000 $2,545,000 $ 343,000