Problem 16-55 Profit Variance Analysis (LO 16-4) The results for July for Brahms & Sons follow: Actual (based on actual sales of 78,000 units) $570,000 Master Budget (based on budgeted sales 76,000 units) $646,000 Sales revenue Less Variable costs Direct material Direct labor Variable overhead Marketing Administrative Total variable costs Contribution margin Less Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 78,000 88,000 95,000 18,200 14,800 $294,000 $276,000 64,600 114,000 114,000 19,000 19.000 $330,600 $315.400 123,600 27,100 91,100 $241,800 $ 34,200 118,000 19,000 89,000 $226,000 $ 89,400 Required: Prepare a profit variance analysis for Brahms & Sons (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.) BRAHMS & SONS Profit Variance Analysis Actual (78,000 units) Manufacturing Variance Marketing & Administration Variance Sales Price Variance Flexible Budget (units) Sales Activity Variance Master Budget (76.000 units) Sales revenue S 570,000 S 846,000 Variable costs: Manufacturing Direct material 64.600 78,000 88.000 Direct labor 114,000 114,000 Ovrhead 95.000 19.000 Marketing Administration 18,200 14 400 278,000 19.000 Contribution margin S 315,400 Fixed costs: Manufacturing 123.600| 118,000 19,000 Marketing 27 100 Administration Operating profit 91,100 34,200 80,000 89,400 $ | $