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 456,000 units)						Master Budget (based on budgeted orders for 492,000 units)
Sales revenue		$	4,974,000					$	4,920,000
Less
Variable costs
Materials			1,470,000						1,476,000
Direct labor			282,000						344,400
Variable overhead			675,000						639,600
Variable marketing and administrative			480,000						492,000
Total variable costs		$	2,907,000					$	2,952,000
Contribution margin		$	2,067,000					$	1,968,000
Less
Fixed costs
Manufacturing overhead			990,000						960,600
Marketing			294,000						294,000
Administrative			210,000						180,600
Total fixed costs		$	1,494,000					$	1,435,200
Operating profits		$	573,000					$	532,800

Prepare a profit variance analysis for Osage, Inc.