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Problem 16-78 (Algo) Profit Variance Analysis (LO 16-2, 3, 4) Harlow Parts produces a single product at its Superior Plant. The master budget for July

image text in transcribedimage text in transcribed Problem 16-78 (Algo) Profit Variance Analysis (LO 16-2, 3, 4) Harlow Parts produces a single product at its Superior Plant. The master budget for July follows: The following operating income statement shows the actual results for July: Required: Prepare a profit variance analysis for the Superior Plant for July. (Do not round intermediate calculations. Indicate the effect of each ariance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

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