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 464,000 units)						Master Budget (based on budgeted orders for 508,000 units)
Sales revenue		$	4,982,000					$	5,080,000
Less
Variable costs
Materials			1,510,000						1,524,000
Direct labor			290,000						355,600
Variable overhead			675,800						660,400
Variable marketing and administrative			496,000						508,000
Total variable costs		$	2,971,800					$	3,048,000
Contribution margin		$	2,010,200					$	2,032,000
Less
Fixed costs
Manufacturing overhead			991,600						961,400
Marketing			302,000						289,400
Administrative			218,000						181,400
Total fixed costs		$	1,511,600					$	1,432,200
Operating profits		$	498,600					$	599,800

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 Variances Marketing and Administrative Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget Actual Sales revenue $ 4,982,000 $ 5,080,000 Variable costs: Materials 1,510,000 290,000 675,800 496,000 $ 2,971,800 $ 2,010,200 1,524,000 355,600 660,400 508,000 $ 3,048,000 $ 2,032,000 Direct labor Variable overhead Variable marketing and administrative Total variable costs ontribution margin 0 Fixed costs: Manufacturing overhead Marketing Administrative 991,600 302,000 218,000 $1,511,600 $498,600 961,400 289,400 181,400 $ 1,432,200 $599,800 Total fixed costs 0 Operating profits