Prepare a profit variance analysis for Odessa, Inc. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorab either option.) ODESSA, INC. Profit Variance Analysis Actual 540 Units) Manufacturing Variance Marketing and Administrative Variance Sales Price Variance Flexible Budget (Units) Sales Activity Variance Master Budget (600 Units) $ 96,000 Sales revenue $ 88,320 Variable costs Manufacturing Direct labor 13,630 14,400 Materials 11,260 13,200 7,880 9,600 Overhead Marketing 5,026 5,700 Administrative 4,800 4,800 Contribution margin $ 45,724 $ 48,300 Fixed costs: 4,665 $ 4,800 Manufacturing Marketing 9,980 9,600 Administrative 9,563 9,600 Operating profit $ 21,516 $ 24,300 Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 540 units) $88,320 Master Budget (based on budgeted 600 units) $96.000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 13,630 11.260 7.880 5,026 4,800 $42,596 $45,724 14.400 13,200 9,600 5,700 4,800 $47,700 $48,300 4,665 9,980 9,563 $24,208 $21,516 4,800 9,600 9,600 $24,000 $24,300 There are no inventories. Required: Prepare a profit variance analysis for Odessa, 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.)