Problem 16-52 Profit Variance Analysis (LO 16-4) Odessa, Inc., reports the folowing informaton conceming operations for the most recent month: Master Budget based on budgcted 800 unts) Actual (based on actual of 540 units 588,390 Sales revenue Less Manulacturing costs 13,848 1,240 7.190 5,028 14,400 13.200 9,000 Materials arable overhead $42 3025700 Total variable costs Fixed costs 4,660 9.986 4,800 9,600 Total foxed costs Operaing proits 521,686 524,300 There are no inventories. Prepare a proft 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) ODESSA, INC. Profit Variance Analysis Actual 540Manufacturing VariancA Sales Activity Budget (G00 Marketing and Units) Administrative Variance Sales Price VarianceFlexible Budget (Units) Saies revenue S 88.390 5 96,000 Varable costs Direct laber 13.646 7.190 5.026 5400 Contribution margin 45888 14.400 13,200 9,000 5,700 5,400 5 48,300 Overhead Marketng Fixed costs 4,800 9,600 9,600 Marketing 9.986 9556 S 21.688 Operating profit 5 24