Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when receives orders and, therefore, has no inventories. The following information is available for the current month: Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 Prepare a sales activity variance analysis for Fournier Fixtures. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600, 864,000+ $ 4,897,200 $ 2,657,200 units) $ 7,100,000 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $2,736,000 1,578,000 495,400 318,000 $ 2,391,400 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000 $ 265,800 Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for < Prev 4 of 10 www Next > APR 28 NA ABC Operating profits Required: $ 265,800 $311,000 Prepare a sales activity variance analysis for Fournier Fixtures. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for unfavorable. If there is no effect, do not select either option. Sales revenue Variable costs: Fournier Fixtures Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget $ 7,952,000 Materials Direct labor Variable overhead Variable marketing and administrative 2,598,400 237,440 1,184,960 866,880 + Total variable costs $ 4,887,680 Contribution margin $ 3,064,320 $ 0 $ 0 Fixed costs: Manufacturing overhead $ 1,600,000 Marketing 480,000 Administrative 345,000 Total fixed costs $ 2,425,000 $ 0 Operating profits $ 639,320 $ 0