The actual and budgeted income statement for Bend Industries is provided.

	Income Statement
	Actual	Budget
Revenues	$ 235,400	$ 236,250
Variable manufacturing costs	$ 93,625	$ 93,450
Variable marketing costs	$ 18,832	$ 18,375
Contribution margin	$ 122,943	$ 124,425
Fixed manufacturing costs	$ 44,500	$ 45,000
Fixed marketing costs	$ 31,500	$ 30,000
Fixed administrative costs	$ 27,500	$ 25,000
Operating profit	$ 19,443	$ 24,425

1. Calculate the revenue variance and indicate whether it is Favorable (F) or Unfavorable (U).

2. Calculate the variable marketing cost variance and indicate whether it is Favorable (F) or Unfavorable (U).

3. Calculate the variable manufacturing cost variance and indicate whether it is Favorable (F) or Unfavorable (U).

4. Calculate the contribution margin variance and indicate whether it is Favorable (F) or Unfavorable (U).

5. Calculate the fixed administrative cost variance and indicate whether it is Favorable (F) or Unfavorable (U).

6. Calculate the operating profit variance and indicate whether it is Favorable (F) or Unfavorable (U).