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 465,000 units) $4,983,000 Master Budget (based on budgeted orders for 510,000 units) $5,100,000 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 1,515,000 291,000 675,900 498,000 $2,979,900 $2,003,100 1,530,000 357,000 663,000 510,000 $3,060,000 $2,040,000 991,800 303,000 219,000 $1,513, 800 $ 489,300 961,500 303,000 181,500 $1,446,000 $ 594,000 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 $ 4,983,000 $ 5,100,000 F F F 1,515,000 291,000 675,900 498,000 $ 2,979,900 $ 2,003,100 1,530,000 357,000 663,000 510.000 $ 3,060,000 $ 2,040,000 F Sales revenue Variable costs: 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 $ 0 F S 0 991,800 303,000 219,000 $ 1,513,800 S 489,300 961,500 303,000 181,500 S 1,446,000 S 594,000 S 0 S 0