The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 280,500 units with revenues of $3,366,000. Total variable costs were budgeted at $1,963,500 and fixed costs at $972,000. During the period, actual production and actual sales were 256,100 units. The actual revenues were $3,448,000. Actual variable costs were $5.95 per unit. Actual fixed costs were $1,002,000. Required: Prepare a profit variance analysis. Note: 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. Cherrylawn Corporation Profit Variance Analysis