Problem 16-59 (Algo) Sales Activity Variance (LO 16-3) Nottingham Forest Products reports the following information concerning operations for the most recent month Actual (based on actual sales of 5, 340 units) Master Budget (based on budgeted sales of 4,450 units) 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 $ 255,700 $209,150 50,482 39,180 31,700 27,380 16,788 13,280 7,985 6,380 7,395 6,680 $ 92,900 A16,250 $ 114,350 $141,350 39, 200 15,040 37,580 12,300 9,780 $64,020 10, 580 560,540 $ 77,330 $ 55,710 Operating profits There are no inventories. Required: Prepare a sales activity variance analysis for Nottingham Forest Products Note: 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. NOTTINGHAM FOREST PRODUCTS Sales revenue Variable costs: Manufacturing costs Direct labor Sales Activity Variance Flexible Budget (based on Master Budget (based on actual of 5,340 units) Sales Activity Variance budgeted 4,450 units) 209,150 39,180 Materials 27,380 Variable overhead 13,280 Marketing 6.380 Administrative 6.680 Total variable costs $ 92,900 Contribution margin $ 116,250 Fixed costs Manufacturing Adrnistrative Total faed costs Operating profits 37.580 12.300 10,580 $ 60.540 $ 55.710