Nottingham Forest Products reports the following information concerning operations for the most recent month:

	Actual (based on actual sales of 5,010 units)	Master Budget (based on budgeted sales of 4,175 units)
Sales revenue	$ 239,200	$ 196,225
Less
Manufacturing costs
Direct labor	50,372	39,070
Materials	31,590	27,270
Variable overhead	16,678	13,170
Marketing	7,875	6,270
Administrative	7,285	6,570
Total variable costs	$ 113,800	$ 92,350
Contribution margin	$ 125,400	$ 103,875
Fixed costs
Manufacturing	39,035	37,470
Marketing	14,930	12,270
Administrative	9,615	10,470
Total fixed costs	$ 63,580	$ 60,210
Operating profits	$ 61,820	$ 43,665

There are no inventories.

Required:

Prepare a profit variance analysis for Nottingham Forest Products.

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.

PLEASE ANSWER ASAP BY 10 AM TOMORROW

PLEASE MAKE SURE ANSWERS ARE CORRECT

answer all of the blanks.

Required: Prepare a profit variance analysis for Nottingham Forest Products. 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 Nottingham Forest Products. 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