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) $77,310 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 11,226 9,040 6,200 4,022 3,500 $33,988 $43,322 12,000 11,000 8,000 4,700 3,500 $39,200 $45,800 3,865 8,384 7,957 $20,206 $23, 116 4,000 8,000 8,000 $20,000 $25,800 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.) ODESSA, INC. Profit Variance Analysis Marketing and Administrative Variance Sales Price Variance Actual 450 Units) Manufacturing Variance Flexible Master Budget (Units) Sales Activity Variance Budget (500 Units) $ 85,000 Sales revenue $ 77,310 Variable costs: Manufacturing costs: Direct labor 11,226 12,000 Materials 11,000 9,040 6.200 Overhead 8,000 Marketing 4,022 4.700 Administrative 3,500 3,500 $ 43,322 $ 45,800 Contribution margin Fixed costs: 3.865 $ 4,000 8,384 8,000 Manufacturing Marketing Administrative Operating profits 7,957 8,000 $ 23,116 $ 25,800