Problem 16-55 Profit Variance Analysis (LO 16-4) The results for July for Brahms & Sons follow: Actual (based on actual sales of 62,000 units) Master Budget (based on budgeted sales 60,000 units) Sales revenue $ 490,000 $ 510,000 Less Variable costs Direct material 62,000 51,000 Direct labor 80,000 90,000 Variable overhead 87,000 90,000 Marketing 15,000 15,000 Administrative 14,000 15,000 Total variable costs $ 258,000 $ 261,000 Contribution margin $ 232,000 $ 249,000 Less Fixed costs Manufacturing 104,000 102,000 Marketing 23,000 15,000 Administrative 82,300 81,000 Total fixed costs $ 209,300 $ 198,000 Operating profits $ 22,700 $ 51,000 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.)