Problem 16-52 Profit Variance Analysis (LO 16-4) 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 13,632 11,520 7,872 5,088 4,800 $42,912 $45,408 14,400 13,440 9,600 5,760 4,800 $48,000 $48,000 Total variable costS Contribution margin Fixed costs Manufacturing Marketing Administrative 4,665 9,984 9,561 $24,210 $21,198 4,800 9,600 9,600 $24,000 $24,000 Total fixed costs Operating profits There are no inventories