KSB is a small management consulting firm, Last month, the firm billed fewer hours than expected, and, as expected, profits were lower than anticipated. Billable hours Revenue Professional salaries (all variable) Other variable costs (... upplies, computer service Fixed costa Profit Reported Income Statement 7,400 8690,000 350,000 100,000 215,000 $ 25,000 Thudget 10.000 $830,000 410.000 122.000 204,000 $ 94,000 These are hours billed to clients. They are fewer than the number of hours worked because there is nonbillable time leg, 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 K&B. (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. Enter your answers rounded to the nearest whole dollar.) Actual 17.400 hrs.) Cost Variances Price Variances Fible Budget (1,400 hrs) Sales Activity Variance Master Budget (10.000 ha) 0 000 410,000 122.000 204,000 4000 600.000 350,000 100,000 215,000 25.000 Professional salaries Other variable costs Food costs