Odessa, Inc., reports the following information concerning operations for the most recent month:

	Actual (based on actual of 495 units)						Master Budget (based on budgeted 550 units)
Sales revenue		$	80,340					$	88,000
Less
Manufacturing costs
Direct labor			12,448						13,200
Materials			10,200						12,100
Variable overhead			7,040						8,800
Marketing			4,553						5,225
Administrative			3,850						3,850
Total variable costs		$	38,091					$	43,175
Contribution margin		$	42,249					$	44,825
Fixed costs
Manufacturing			4,265						4,400
Marketing			9,186						8,800
Administrative			8,761						8,800
Total fixed costs		$	22,212					$	22,000
Operating profits		$	20,037					$	22,825

Required Prepare a profit variance analysis for Odessa, Inc. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unf ODESSA, INC. Profit Variance Analysis Master Budget (550 Sales Activity Flexible Actual 495 Units) Marketing and Administrative Variance Sales Price Variance Budget (Units) Manufacturing Variance Sales revenue $ 80,340 $ 88,000 Variable costs Manufacturing 12,448 10,200 7,040 4,553 3,850 Contribution margin42,249 Direct labor Materials Overhead Marketing Administrative 13,200 12,100 8,800 5,225 3,850 $44,825 Fixed costs 4,265 9,186 8,761 $ 20,037 Manufacturing Marketing Administrative $ 4,400 8,800 8,800 $ 22,825 Operating profit ReferenceseBook & Resources