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

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.)