Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and therefore, has no inventorles. The following information is available for the current month: Master Budget Actual (based on (based on budgeted actual orders for orders for 492,000 456,000 unite) units) Sales revenue 54,974,000 $4,920,000 Less Variable costo Materials 1,470,000 1,476,000 Direct labor 282,000 344,400 Variable overhead 675,000 639,600 Variable marketing and administrative 480,000 492,000 Total variable costs $2,907,000 $2,952,000 Contribution margin $2,067,000 $1.968,000 Less Yixed costs Manufacturing overhead 990,000 960,600 Marketing 294,000 294,000 Administrative 210,000 180.500 Total fixed costs 51,494,000 51,435200 Operating profits 5 573,000 532,800 5 Required: Prepare a profit varlance 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 elther option.) 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 elther option) OSACE, INC Profit Variance Analysis Manufacturing Marketing and Variances Administrative Variances Actual Sales Price Variance Budget Sales Activity Variance Master Budget $. 4.920,000 $ 4,974,000 Sales revenue Variable costs Materials Direct labor Variable overhead Variable marching and administrative Tout variatie costs Contribution marge Fuad costs Manufacturing overhead Marketing Amin 1.470.000 282.000 675,000 480.000 3 2.907.000 5 2.067.000 1478.000 144400 639.00 492.000 5 2.952.000 5 1 68.000 $ 5 ol 990,000 204.000 210,000 1 14.000 $ 3,000 200.000 20.000 180.000 1405200 5 1200 $