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 451,000 units) Master fradget (based on budgeted orders for 482,000 unite) 54,820,000 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 costa Operating profits 1,445,000 277.000 674.500 470,000 52.866,500 $2,102,500 1,446,000 337,400 626,600 482.000 52,092.000 51.925,000 989,000 229.000 205,000 51.483,000 5619.500 980.100 209.000 180,100 52.429,200 $ 450, 500 Required: Required: Prepare a profit variance analysis for Osage, Inc. (Do not round Intermediate calculations, indicate the effect of each variance by selecting for favorable, or "U" for unfavorable. If there is no effect, do not select other option) OLAGA, INC Prane. A Mandag Marketing and Variances Actii $ 4969.000 1 451.000 10.000 U 10 1.445,000 277,000 674,000 470,000 $ 2,665,500 $ 2.102,500 U Sales revenue Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Find cost Manufacturing overhead Marketing Administrative Total fled costs Operating profits 100 122.000 $ 5 451.000 LH 090 U 100 u 989,000 289,000 205 000 5 1463.000 $ 619.500 1200 v U 5 5 450,000