Problem 16-57 (Algo) Profit Variance Analysis (LO 16-4) Odessa, Inc, reports the following information concerning operations for the most recent month Actual (based on actual of 450 units) $22310 Master Budget (based on budgeted 500 units) $85,000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 11,224 9,060 6,740 4,072 4,500 $35,596 $41,714 es 12,000 11,000 8,500 4,750 4,500 $40,750 $44,250 3,860 8,388 7,957 $20,205 $21,509 4,000 8,000 8,000 $20,000 $24,250 There are no inventories Required: Prepare a profit variance analysis for Odessa, Inc (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. Enter your final answers as a whole number.) WE Actual 450 Uits) ODESSA, INC Profit Variance Analysis Marketing and Administrative Variance Sales Price Variance Manufacturing Variance $ 77310 Flexible Budget (Units) Master Sales Activity Variance Budget (500 Sales revenue Variable cont Manufacturing contes Deed labor Units) 5 35.000 Overhead Marketing Administrative Contribution Fixed Manufacturing Marketing ve 11.224 9000 6,740 4,072 4500 41714 12.000 11.000 8.500 4.750 $ $ 1800 3000 $ 4400 1388 7.952 21.500 5 5 4000 1000 3000 24250 3