Kentford Associates is a small professional services firm. Last month, Kentford billed more hours than expected and profits reflected this: "These are hours bilied to clients. They are fewer than the number of hours worked because there is nonbillable time (eg. slack periods, time in training sessions) and because some time worked for clients is not charged to them. Required: Prepare a profit variance analysis for Kentford Associates 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. unfavorable. If there is no effect, do not select either option