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 450,000 units)						Master Budget (based on budgeted orders for 480,000 units)
Sales revenue		$	4,968,000					$	4,800,000
Less
Variable costs
Materials			1,440,000						1,440,000
Direct labor			276,000						336,000
Variable overhead			674,400						624,000
Variable marketing and administrative			468,000						480,000
Total variable costs		$	2,858,400					$	2,880,000
Contribution margin		$	2,109,600					$	1,920,000
Less
Fixed costs
Manufacturing overhead			988,800						960,000
Marketing			288,000						288,000
Administrative			204,000						180,000
Total fixed costs		$	1,480,800					$	1,428,000
Operating profits		$	628,800					$	492,000

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
	Actual	Manufacturing Variances		Marketing and Administrative Variances		Sales Price Variance		Flexible Budget	Sales Activity Variance		Master Budget
Sales revenue	$4,968,000										$4,800,000
Variable costs:
Materials	1,440,000										1,440,000
Direct labor	276,000										336,000
Variable overhead	674,400										624,000
Variable marketing and administrative	468,000										480,000
Total variable costs	$2,858,400							$0			$2,880,000
Contribution margin	$2,109,600							$0			$1,920,000
Fixed costs:
Manufacturing overhead	988,800										960,000
Marketing	288,000										288,000
Administrative	204,000										180,000
Total fixed costs	$1,480,800							$0			$1,428,000
Operating profits