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) 4800,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs 1,440,000 276,000 674,400 468,000 2.858,400 2.109.600 1,440,000 336,000 624,000 480,000 2,880,000 1,920,000 Manufacturing overhead Marketing Administrative Total fixed costs 988,800 288,000 204,000 1,480,800 628,000 960,000 288.000 180 000 1,428,000 492,000 $ Operating profits S Required: Prepare a prot 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 Administrative Variances Sales Activity Master Flexible Sales Price Variance Manufacturing Variances Actual Budget Budget Variance $ 4,800,000 4,968,000 Sales revenue Variable costs 1,440,000 1,440,000 Materials 336,000 276,000 Direct labor 624,000 674,400 Variable overhead 480,000 468.000 Variable marketing and administrative $ 2.880,000 2,058,400 Total variable costs S 1.920.000 2,109,600 Contribution margin Fixed costs: 960,000 Manufacturing overhead 988,800 288,000 288,000 Marketing Administrative 180,000 204.000 Total foxed costs $ 1,428,000 $ 1,480,800 S 628,800 Operating profits S 492.000