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 452,000 units) Master Budget (based on budgeted orders for 484,000 units)

Sales revenue $ 4,970,000 $ 4,840,000

Less Variable costs Materials 1,450,000 1,452,000

Direct labor 278,000 338,800

Variable overhead 674,600 629,200

Variable marketing and administrative 472,000 484,000

Total variable costs $ 2,874,600 $ 2,904,000

Contribution margin $ 2,095,400 $ 1,936,000

Less Fixed costs Manufacturing overhead 989,200 960,200

Marketing 290,000 290,000

Administrative 206,000 180,200

Total fixed costs $ 1,485,200 $ 1,430,400

Operating profits $ 610,200 $ 505,600

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.)