***PLEASE SHOW WORK***

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: 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 \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Sales revenue } & \multicolumn{2}{|c|}{ Actual } & \begin{tabular}{l} Manufacturing \\ Variances \end{tabular} & \begin{tabular}{l} Marketing and \\ Administrative \\ Variances \end{tabular} & Sales Price Variance & \multirow[t]{2}{*}{\begin{tabular}{c} Flexible \\ Budget \end{tabular}} & Sales Activity Variance & \multirow{2}{*}{\begin{tabular}{r} Mast \\ Budg \\ $4,80 \\ \end{tabular}} \\ \hline & $ & 4,968,000 & & & & & & \\ \hline \multicolumn{9}{|l|}{ Variable costs: } \\ \hline Materials & & 1,440,000 & & & & & & 1,44 \\ \hline Direct labor & & 276,000 & & & & & & 33 \\ \hline Variable overhead & & 674,400 & & & & & & 62 \\ \hline Variable marketing and administrative & & 468,000 & & & & & & 48 \\ \hline Total variable costs & $ & 2,858,400 & & & & & & $2,88 \\ \hline Contribution margin & $ & 2,109,600 & & & & & & $1,92 \\ \hline \multicolumn{9}{|l|}{ Fixed costs: } \\ \hline Manufacturing overhead & & 988,800 & & & & & & 96 \\ \hline Marketing & & 288,000 & & & & & & 28 \\ \hline Administrative & & 204,000 & & & & & & 18 \\ \hline Total fixed costs & $ & 1,480,800 & & & & & & $1,42 \\ \hline Operating profits & $ & 628,800 & & & & & & $ \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{1}{|c|}{} & \multicolumn{1}{|c|}{\begin{tabular}{c} Master \\ Budget \end{tabular}} \\ \hline$4,800,000 \\ \hline & \\ \hline 1,440,000 \\ \hline 336,000 \\ \hline 624,000 \\ \hline 480,000 \\ \hline$2,880,000 \\ \hline$1,920,000 \\ \hline & \\ \hline & 960,000 \\ \hline 288,000 \\ \hline 180,000 \\ \hline$1,428,000 \\ \hline$1992,000 \\ \hline \end{tabular}