The master budget at Monroe Manufacturing last period called for sales of 44,000 units at $62 each. The costs were estimated to be $46 variable per unit and $544,000 fixed. During the period, actual production and actual sales were 47,000 units. The selling price was $61 per unit. Variable costs were $48 per unit. Actual fixed costs were $535,000.

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.