The master budget at Western Company last period called for sales of 226,700 units at $10.70 each. The costs were estimated to be $3.92 variable per unit and $226,700 fixed. During the period, actual production and actual sales were 231,700 units. The selling price was $10.80 per unit. Variable costs were $6.20 per unit. Actual fixed costs were $226,700. 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.) WESTERN COMPANY Profit Variance Analysis Actual Budget Manufacturing Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget Sales revenue $ 2,479,190 F $ 53,500F $ 2,425,690 Less: Variable costs 908,264 1,570,926 19,600 U 33,900 F 888,664 $ 1,537,026 Contribution margin F 0 $ Less: Fixed costs 226,700 1,344,226 226,700 $ 1,310,326 Operating profits $ F $ 0 $ 33,900 F