The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 279,500 units with revenues of $3,354,000. Total variable costs were budgeted at $1,956,500 and fixed costs at $968,000. During the period, actual production and actual sales were 255,900 units. The actual revenues were $3,447,000. Actual variable costs were $6.05 per unit. Actual fixed costs were $998,000 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