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 450,000 units) $4,968,000 Master Budget (based on budgeted orders for 480,000 units) $4,600,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 1,440,000 276,000 674,400 468,000 32,850.400 $2.100 1.440,000 336,000 624,000 480, BD $2,889.000 51.920,000 988,300 288,000 204,000 11,400,000 $ 628,800 960,000 280.000 180,000 3120000 5492.000 Required: Prepare a profit variance analysis for Osage, Inc (Do not round intermediate calculations. Indicate the effect of each variance by selecting "P" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) OSAGE INC. Prolit Variance Analysis Manufacturing Marketing and Variances Administrative Variances Actual Sales Price Variance Flexible Budget Sales A 5 4.968,000 Salos revenue Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs Manufacturing overhead 1.440,000 275,000 674.400 468,000 2,858.400 2,109 600 5 5 988 8001 D OSNGLING Troll Variance Analysis Manufacturi Marketing and Almihilalil Variances Voranca Metal Saison Villance Bogel Sales Acy Vince Master Budou 54,800,000 5 23968 000 Sales en Variable costs Materials Orect labor Variable overhead Variable making and administrative Total varlatecout Contribution Fedcous Muncturing overtad Marketing Anistra Totale cost Opera 1440000 276.000 674.400 350.000 28500 2.103.600 1.440,000 3:35.000 628.000 an 02 52.880.000 $ 1.500.000 5 5 100 200.000 206000 WOO 62000 900.000 200.000 100 000 5 1.420.000 192000 1