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) $4,966,000 Master Budget (based on budgeted orders for 480,000 units) $4,800,000 Sales revenue LOSS 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 1,440,000 251,090 626,390 442,500 $2,759,839 $2,286,200 1,440,000 312,000 576,000 456,000 $2,784,000 $2,016,000 579,690 175,000 133,500 $ 887.500 $1,318,700 550,000 175,000 112,500 $ 837.500 $1,178,500 Required: Prepare a sales activity 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. Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget $ 4,500,000 Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: 1,350,000 292,500 540,000 427,500 2,610,000 1,890,000 $ $ $ Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 550,000 175,000 112,500 837,500 1,052,500 $ 01 0 $ $ $