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 467,000 units)						Master Budget (based on budgeted orders for 514,000 units)
Sales revenue		$	4,985,000					$	5,140,000
Less
Variable costs
Materials			1,525,000						1,542,000
Direct labor			293,000						359,800
Variable overhead			676,100						668,200
Variable marketing and administrative			502,000						514,000
Total variable costs		$	2,996,100					$	3,084,000
Contribution margin		$	1,988,900					$	2,056,000
Less
Fixed costs
Manufacturing overhead			992,200						961,700
Marketing			305,000						305,000
Administrative			221,000						181,700
Total fixed costs		$	1,518,200					$	1,448,400
Operating profits		$	470,700					$	607,600

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 Marketing and Administrative Flexible Sales Activity Variance Manufacturing Variances Sales Price Variance Master Budget Actual Budget Sales revenue S 4,985,000 S 5,140,000 Variable costs Materials 1.525.000 1,542,000 Direct labor 293.000 359.800 Variable overhead 676,100 668.200 502.000 Variable marketing and administrative- Total variable costs 514.000 2.996.100 S 3,084.000 Contribution margin 1.988.900 2.056.000 Fixed costs: 992.200 Manufacturing overhead 961,700 305.000 Marketing 305.000 221.000 Administrative 181,700 Total fixed costs 1.518.200 1.448.400 Operating profits 470,700 607,600