The master budget at Monroe Manufacturing last period called for sales of 42,600 units at $48 each. The costs were estimated to be $32 variable per unit and $530,000 fixed. During the period, actual production and actual sales were 45,600 units. The selling price was $47 per unit. Variable costs were $34 per unit. Actual fixed costs were $521,000. Required:

Prepare a profit variance analysis.