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 curreny month:

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.)

Actual (based on actual orders for 469,000 units) $4,987,000 Master Budget (based on budgeted orders for 518,000 units) $5,180,000 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 1,535,000 295,000 676,300 506,000 $3,012,300 $1,974,700 1,554,000 362,600 673,400 518,000 $3,108,000 $2,072,000 992,600 307,000 223,000 $1,522,600 $ 452,100 961,900 307,000 181,900 $1,450,800 $ 621,200