Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and therefore, has no inventories. The following information is available for the current month: Actual (based on actual orders for 468,000 units) $4,986,000 Master Budget (based on budgeted orders for 516,000 units) $5,160,eee Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 1,530,000 294,cee 676,200 Sed ege $3,004 200 $1,981.800 1,548,000 361,200 670,899 516,000 $3,096,000 $2.066,000 es 992,400 306,000 222,000 $1,520,400 $ 461,400 961,800 306,000 181,880 $1,449,600 $ 614,400 Required: Prepare a profit variance analysis for Osage, 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.) OSAGE, INC Profit Variance Analysis Marketing and Manufacturing Administrative Variances Variances Actual Sa Price Variance Flexible Budget Sales Activity Variance Master Budget $ 4.900.000 $ 5,160.000 Sales revenue Variable costs: Materials Direct labor Variable overhead Variable mariveting and administrative Total variable costs Contribution margin Fixed costs Manufacturing overhead Marketing Administrative Totalfixed costs Operating profits 1.530.000 294.000 576.200 504,000 $ 3.004 200 $ 1981 800 1,548.000 361,200 670,800 516,000 $ 3.000.000 $ 2.064.000 992.400 305.000 222.000 $ 1,520.400 $ 461,400 981,800 306.000 181.800 $ 1,449,000 $ 614,000