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) $4,969, eee Master Budget (based on budgeted orders for 482,000 units) $4,820,000 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 costs Operating profits 1,445, eee 277, eee 674,500 470, eee $2,866,500 $2,102,500 1,446,000 337,400 626,600 482,800 $2,892,000 $1,928,000 989, eee 289, eee 205, eee $1,483,000 $ 619,500 960, 180 289,000 180, 100 $1,429,200 $ 498,800 Required: Prepare a profit 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 Manufacturing Administrative Variances Variances Actual Sales Price Variance Flexible Budget Sales Activity Variance Master Budget $ 4.820.000 $ 4,969.000 Sales revenue Variable costs 1.446.000 1,445,000 277,000 674,500 470,000 $ 2,866,500 $ 2,102,500 337,400 626.600 482.000 $ 2,892,000 $ 1,928,000 S 0 S 0 Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 989,000 289,000 960,100 289,000 180,100 $ 1,429.200 205,000 $ 1,483,000 $ 619,500 S 0 S 0 $ 498.800