Problem 16-55 Profit Variance Analysis (LO 16-4) The results for July for Brahms & Sons follow: Actual (based on actual sales of 58,800 units) $462,000 Master Budget (based on budgeted sales of 56,000 units) $480,000 Sales revenue Less Variable costs Direct material Direct labor Variable overhead Marketing Administrative 58,800 54,600 63,400 20,400 48.000 64,000 64,000 20,000 20.000 S216.000 Total variable costs Contribution margin Less Fixed costs 102,400 22,800 81,200 206,400 S 39,600 100,000 20.000 0,000 200.000 S 64,000 Marketing Administrative Total fioxed costs Operating profits 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 elther option.) Profit Variance Analysis Actual (58,800 Units) Flexible Administration Sales Price Variance Budget (Units) Master Budget (56,000 Marketing& Sales Activity Variance Variance Variance Sales revenue 5 462,000 5 480,000 Variable costs: 58,800 54.600 63.400 20,400 18,800 Contribution margin246,000 Direct material Direct labor Overhead 48,000 64,000 64.000 20,DDD 20,DDD S 264,000 Fixed costs 102.400 22 BD0 81,200 5 39,600 100,DDD 20,DDD 80,000 5 64,000 Operating profit