Problem 16-55 Profit Variance Analysis (LO 16-4) The results for July for Brahms &Sons follow Actual (based on Master Budget actual sales of based on budgeted 58,800 units) sales of 56,000 units) Sales revenue $462,000 $480,000 Variable costs 48,000 64,000 64,000 20,000 20,000 Direct material Direct labor Variable overhead Marketing 58,800 54,600 63.400 20,400 18,800 S216,000 S246.00a Total variable costs Contribution margin 264,000 Fixed costs 102,400 22,800 1,200 S206,400 S 39,600 100,000 20,000 80,000 $200,000 S 64,000 Total fixed costs Operating profits 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 offect, do not select either option.) Answer is not complete. BRAHMS&SONS Profit Variance Analysis Marketing& Flexible Budget Units Sales Price Sales Activity Master Budget (56,000 Units) (58,800 462,DDD S 42, Sales revenue 24 48D,000 ariable costs: 50,400 | 2,400 62003,20 Direct material 58,8DD 54,600 63.400 20,4DD 18,800 $ 246,000 48,000 64,000 64,000 2D,000 20,000 264,000 12.600FC Dirgct labor 21 Administration Contribution margin S 31 S 277,200 Fixed costs: Manufacturing 102,400 22,800 81,2DD $ 39.600 2.4 100 100,000 20,000 8D,000 64,000 Administration 80 S 37,600x U S 77,200 13,20 Operating profit