Nottingham Forest Products reports the following information concerning operations for the most recent month: Actual (based Master Budget (based on on actual sales budgeted sales of 4,800 units) $ 228,700 of 4,000 units) $ 188,000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative 50,302 39,000 31,520 27,200 16,608 13,100 7,805 6,200 7,215 6,500 Total variable costs $ 113,450 Contribution margin Fixed costs Marketing Manufacturing $ 115,250 38,930 14,860 $ 92,000 $ 96,000 37,400 Administrative 9,510 12,200 10,400 Total fixed costs $ 63,300 $ 60,000 Operating profits $ 51,950 $ 36,000 There are no inventories. Required: Prepare a sales activity 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 sales activity 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. NOTTINGHAM FOREST PRODUCTS Sales revenue Variable costs: Manufacturing costs: Direct labor Sales Activity Variance Flexible Budget (based on Master Budget (based on actual of 4,800 units) Sales Activity Variance budgeted 4,000 units) $ 188,000 39,000 Materials 27,200 Variable overhead 13,100 Marketing 6,200 Administrative 6,500 Total variable costs $ $ 92,000 Contribution margin $ 0 S 96,000 Fixed costs: Manufacturing 37,400 Marketing 12,200 Administrative 10,400 Total fixed costs $ 0 $ 60,000 Operating profits $ 0 60 $ 36,000