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 Master Budget (based on budgeleorders for actual orders for $4.491.000 $4,320,000 Sales revenue Less Variable costs 1,536,000 288.000 1,536,000 225 000 Direct labor 531.000 Variable overhead Variable marketing and administrative 480.000 408.000 394,000 c le costs C bution margin 08 000 Less Fixed costs Manufacturing overhead 903,700 or5,000 Administrative 196,000 $1,378,700 S 426.300 175.000 $1,329,000 Total fixed costs S 279.000 Operating profits Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) OSAGE, INC. Flexible Budget Sales revenue Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profit (loss) 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 Master Budget (based on budg or $4,800,000 Sales revenue $4,972,000 Les Variabia coste 1 F Direct labor Vaniadle ove 5/6,000 O20,400 n and administrative $2881.900 $2.090,100 Total vaniable costs $2.904.000 $1.896.000 ibution margin Less Foxed costs 578.700 180 000 550 000 80.000 uring overhead Marketing Tatal fived costs E 003 200 S 852 F0n Operating profits 1 186.90O $1.043.500 Required: Prepare a sales activity variance analysis for Osage, Inc., (Do not round intermediate calculations. Indicate the effect of each variance selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) OSAGE, INC Sales Activity Variance Sales Activity Variance Flexible Budget Master Budget Sales revenue sts Materis _ Direct labor Vanable overhead Variable marketing and administrative Total variable costs Contribution margim Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profts