The master budget at Monroe Manufacturing last period called for sales of 42.200 units at $44 each. The costs were estimated to be $28 variable per unit and $526,000 fixed. During the period, actual production and actual sales were 45,200 units. The selling price was $43 per unit. Variable costs were $30 per unit. Actual fixed costs were $517,000. 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. Monroe Manufacturing Profit Variance Analysis Manufacturing Actual Sales Price Variance Flexible Budget Sales Activity Variance Master Budget Variances Sales revenue Less Variable costs Contribution margin Less Fixed costs Operating profits