Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders. Therefore, the company has no inventories, AND, units produced equals units sold. The following information is available. Actual Quantities, Budgeted Quantities, Prices, & Costs Prices, & Costs Lamps (units) 450,000 480,000 Selling Price per liter $11.00 $10.00 DM Cost per unit $3.20 $3.00 DL Cost per unit $0.61 $0.70 Variable Mnfg Overhead per unit $1.50 $1.30 Variable Marketing per unit $1.05 $1.00 Fixed Mnfg Overhead $988,800 $960,000 Fixed Marketing $288,000 $300,000 Fixed Administrative $204,000 $180,000 Prepare an Activity Variance Analysis by generating the Master Budget and the Flexible Budget. For both budgets, calculate the Activity Variances.