The master budget for the year just ended was on a computer that was just hacked. You feel responsible because you didn't install anti-hacking software on the computer and you didn't have a backup file. Rather than admit your mistake to your supervisor, you are trying to reconstruct the budget. You have learned the following information 210,eee units $1,188,000 Sales volume Sales revenue Variable costs: Manufacturing Marketing and administrative Fixed costs: Manufacturing Marketing and administrative Operating profit 384, een 91,500 278,888 114,000 $ 328,500 You know that the company planned to sell 192.000 units at a price of $5 each. Variable marketing and administrative costs are budgeted at 12 percent of revenue. You have discovered that the manufacturing fixed costs are budgeted to be $1.50 per unit at the budgeted volume. You know that the company policy is to budget for an operating profit of one dollar per unit. Finally, you recall that the master budget for fixed marketing and administrative costs is $96.000. Required: Prepare a report explaining the differences between the actual results, flexible budget and the master budget. (Do not round Intermediate calculations. 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.) Profit Variance Analysis Marketing and Administrative Variance Manufacturing Variance Actual Sales Price Variance Sales Activity Variance Master Budget Flexible Budget 210,000 $ 1,050,000 $ 210,000 1,188,000 192,000 980,000 S 138,000F 90,000F S 384.000 91,500 712.500 126,000 10.800 Sales units Sales revenue Variable costs: Manufacturing Marketing and administrative Contribution margin Fixed costs: Manufacturing Marketing and administrative Operating profit 115,200 $ $ 138,000 F 270,000 114,000 328,500 18,000 98,000 96,000 $ $ 138.000 F SrYYYYYYY