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 467,000 units) $4,985,000 Master Budget (based on budgeted orders for 514,000 units) $5,140,000 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 1,525,000 293,000 676,100 502,000 $ 2,996, 100 $1,988,900 1,542,000 359,800 668,200 514,000 $3,084,000 $2,056,000 992,200 305,000 221,000 $1,518,200 $ 470,700 961,700 305,000 181,700 $1,448,400 $ 607,600 Required: Prepare a profit variance analysis for Osage, Inc. (Do not round Intermediate calculations. Indicate the effect of each verlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) OSAGE, INC. Profit Variance Analysis Marketing and Manufacturing Variances Administrative Variances Actual Sales Price Variance Flexible Budget Sales Activity Variance Master Budget $ 4.985,000 $ 5,140,000 Sales revenue Variable costs: Materials 1.542.000 359,800 668.200 1.525,000 293.000 676,100 502,000 $ 2,998,100 $ 1,988.900 514,000 $ 3,084,000 $ Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative 0 s 0 $ 2,050,000 961,700 992,200 305.000 221,000 305,000 181,700 $ 1,448,400 s 607.600 Total fixed costs S 0 $ 1.518,200 S 470,700 Operating profits $ 0