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 450, eee units) $4,968,000 Master Budget (based on budgeted orders for 480, eee units) $4,8ee, 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 1,440,000 276, eee 674,40e 468, eee $2,858,400 $2,189,600 1,440,000 336,000 624,eee 480, see $2,880,000 $1,920, eee 988, see 288, eee 204,000 $1,480, 80e $ 628,800 960, eee 288.ee 180, eee $1,428, eee $ 492,00 Required: Prepare a sales activity variance analysis for Osage, 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.) Answer is complete but not entirely correct. OSAGE, INC. Sales Activity Variance Flexible Budget Sales Activity Variance 300,000 U Master Budget 4,800,000 Sales revenue IS 4,500,000 $ Variable costs Materials Direct labor 1.680.000 X 312.000 X Variable overhead Variable marketing and administrative 1,350,000 315,000 585,000 450,000 2,700,000 105.000 XF 19,500 XF 33,000 XF 25.500 XF 183,000 XF 117,000 X U 528.000 X 408,000 X 2.928,000 1,872,000 Total variable costs Is IS $ Is 1,800,000 IS IS Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative IS 0 IS 960,000 288,000 180,000 600,000 X 175,000 X 0 0 IS $ IS Total fixed costs Operating profits 1,428,000 372.000 0 117,000 X 122,500 897,500 974,500 $ IS U $