OSAGE, INC. Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget 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 450,000 units) $4,971,000 Master Budget (based on budgeted orders for 480,000 units) $4,800,000 0 $ 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 profits 1,440,000 267,000 578,100 395,000 $2,680,100 $2,290,900 1,440,000 336,000 528,000 408,000 $2,712,000 $2,088,000 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 0 $ $ CamScanner 0 I 653,000 185,000 132,500 978,500 $1,320,400 625,000 185,000 112,500 922,580 $1,165,500 $ 0 $ 0 $ $ 0 WW Required: Prepare a sales activity 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.)