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 465,000 units) 3.490.000 Haster Budget (based on budgeted orders fon 510,000 units) 55.100.000 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 1,515,000 291,000 675,900 490,000 $2.979.900 $2,003, 100 1,550,00 357.000 663,000 510,000 $3,000,000 32,000,000 991,800 303,00 219,00 $1,513,860 $ 459,300 961,500 303,000 181,500 31,466,00 $ 594,000 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 Manufacturing Marketing and Administrative Variantes Variances Actual Sale Price Variance Flexible Budget Sales Activity Variance Master Audget 5.5 100.000 5 4563.000 Sales en Vinatie costs M Direct into Vi overhead Variable mating and raivo Total variable costs Contato margin kod cois Mantuning Overhead Marketing Admin Totalled costs Operating prots 515 000 201 000 675,000 400.000 $ 2070,000 5 2003.100 1530,000 357000 663.000 510.000 $ 3.000.00 $ 2,610.000 5 $ 0 061100 333,000 219 000 5 1513,000 5 48300 1500 30 000 T500 5 400 5 500 000 0 s S