Required: Prepare a profit variance analysis. (Enter your answers in thousands of dollars. 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.) PAYNESVILLE CORPORATION Profit Variance Analysis Actual Manufacturing Variances Non-Manufacturing Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget Sales revenue $ 23,798 Materials 2,578 Direct labor 1,100 Variable overhead 1,020 Total variable costs $ 4,698 Contribution margin $ 19,100 $ 0 $ 0 $ 0 $ 0 Fixed costs: Manufacturing 1,140 Non-manufacturing 1,320 Total fixed costs $ 2,460 $ 0 $ 0 Operating profits $ 16,640 $ 0 $