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 457,000 units)						Master Budget (based on budgeted orders for 494,000 units)
Sales revenue		$	4,975,000					$	4,940,000
Less
Variable costs
Materials			1,475,000						1,482,000
Direct labor			283,000						345,800
Variable overhead			675,100						642,200
Variable marketing and administrative			482,000						494,000
Total variable costs		$	2,915,100					$	2,964,000
Contribution margin		$	2,059,900					$	1,976,000
Less
Fixed costs
Manufacturing overhead			990,200						960,700
Marketing			295,000						295,000
Administrative			211,000						180,700
Total fixed costs		$	1,496,200					$	1,436,400
Operating profits		$	563,700					$	539,600

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 $ 4,975,000 $ 4,940,000 1,475,000 283,000 675,100 482,000 $ 2.915,100 $ 2,059,900 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 1,482,000 345,800 642,200 494,000 $ 2,964,000 $ 1,976,000 $ 0 $ 0 990,200 295,000 211,000 $ 1,496,200 $ 563,700 960,700 295,000 180,700 $ 1,436,400 $ 539,600 $ $ 0 0