Question 7: Enter the Activity Variance for Direct Labor. Question 8: Enter the Activity Variance for Variable Mnfg. Overhead. Question 9: Enter the Activity Variance for Variable Marketing Costs. Question 10: Enter the Activity Variance for Fixed Mnfg. Overhead. Question 11: Enter the Activity Variance for Fixed Marketing Costs. Question 12: Enter the Activity Variance for Fixed Administrative Costs. Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders. Therefore, the company has no inventories, AND, units produced equals units sold. The following information is available. Prepare an Activity Variance Analysis by generating the Master Budget and the Flexible Budget. For both budgets, calculate the Activity Variances. Question 1: For the Master Budget, enter Contribution Margin. Question 2: For the Master Budget, enter Operating Profit. Question 3: For the Flexible Budget, enter Contribution Margin. Question 4: For the Flexible Budget, enter Operating Profit