The master budget at Monroe Manufacturing last period called for sales of 43,000 units at $52 each. The costs were estimated to be $36 variable per unit and $534,000 fixed. During the period, actual production and actual sales were 46,000 units. The selling price was $51 per unit. Variable costs were $38 per unit. Actual fixed costs were $525,000.

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.