The master budget at Monroe Manufacturing last period called for sales of 42,900 units at $51 each. The costs were estimated to be $35 variable per unit and $533,000 fixed. During the period, actual production and actual sales were 45,900 units. The selling price was $50 per unit. Variable costs were $37 per unit. Actual fixed costs were $524,000.

Required:

Prepare a profit variance analysis.