Kentford Associotes is a small professional services firm. Last month, Kentford billed more hours than expected and profits reflected this These are hours billed to clients. They are fewer than the number of hours worked because there is nonbdlable time fe. 9 - 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