Odessa, Inc., reports the following information concerning operations for the most recent month points Actual (based on actual of 540 units) 383 Master Budget (based on budgeted be units) 190.000 13,632 11,52e 7,872 5.088 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 14,400 13,440 9,689 5,760 4,800 $48.000 $48.000 References 542,912 $45,488 4,665 9,984 9,561 $24,210 $21, 198 4,809 9,600 9,600 $24,000 $24,000 There are no inventories. 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 unfovorable. If there is no effect, do not select either option.) There are no inventories 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 unfavorable. If there is no effect, do not select either option.) ODESSA, Inc. Profit Variance Analysis Marketing and Administrative Sales Price Variance Variance Actual (540 Units) Manufacturing Variance Flexible Budget (Units) Sales Activity Variance Master Budget (600 Units) $ 96,000 $ 88,320 13,632 Sales revenue Variable costs Manufacturing costs: Direct labor Materials Overhead Marketing Administrative Contribution margin Fixed costs Manufacturing Marketing Administrative Operating profits 4,800 45,408 | T 9,600 4,665 9.984 9,561 21,198 e s 93