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Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 495 units) $85,840 Master Budget (based on
Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 495 units) $85,840 Master Budget (based on budgeted 550 units) $93,500 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 12,450 19,190 7.08 4,545 4,480 $38,665 $47,175 13,200 12, 100 8,888 5,225 4,400 $43,725 $49,775 4,265 9,184 8,757 $22.286 $24,969 4,400 8,888 8,888 $22, eee $27,775 There are no inventories. Required: Prepare a profit variance analysis for Odessa, Inc. (Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your final answers as a whole number.) ODESSA, INC. Profit Variance Analysis Marketing and Sales Price Variance Administrative Variance Actual 495 Units) Manufacturing Variance Flexible Budget (Units) Master Sales Activity Variance Budget (550 Units) U S 93,500 Sales revenue S 85,840 Variable costs: Manufacturing costs: Direct labor 12.450 U 13.200 12.100 Materials F 10,190 7,080 Overhead 8,800 5,225 Marketing 4,545 F U 4,400 47,175 4,400 49,775 S U S 0 S Administrative Contribution margin Fixed costs: Manufacturing 4,265 $ 4,400 9,184 U 8,800 Marketing Administrative 8,757 24.969 8,800 27.775 Operating profits S U S S
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