The master budget at Western Company last period called for sales of 226,500 units at $10.50 each. The costs were estimated to be $3.90 variable per unit and $226,500 fixed. During the period, actual production and actual sales were 231,500 units. The selling price was $10.60 per unit. Variable costs were $6.00 per unit. Actual fixed costs were $226,500. Required: Prepare a profit variance analysis. (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.) Answer is complete but not entirely correct. WESTERN COMPANY Profit Variance Analysis Manufacturing Sales Price Flexible Sales Activity Variances Variance Budget Variance Actual Budget Master Budget $ Sales revenue $ 2,453,900 $ 23,150F $2,430,750 $ 52,500F 2,378,250 Less: Variable costs 1,389,000 486,150U 902.850 883,350 19,500U $ 33,000F $ Contribution margin $ 1,064,900 $ OU $ OF $1,527,900 1,494,900 Less: Fixed costs 226,500 0 226,500 0 Operating profits 226,500 $ 1,268,400 $ 838,400 $ 0 U > $ OXF $1,301,400 $ 33,000F