The results for July for Brahms & Sons follow:

	Actual (based on actual sales of 62,000 units)						Master Budget (based on budgeted sales of 60,000 units)
Sales revenues		$	490,000					$	510,000
Less
Variable costs
Direct material			62,000						51,000
Direct labor			80,000						90,000
Variable overhead			87,000						90,000
Marketing			15,000						15,000
Administration			14,000						15,000
Total variable costs		$	258,000					$	261,000
Contribution margin		$	232,000					$	249,000
Less
Fixed costs
Manufacturing			104,000						102,000
Marketing			23,000						15,000
Administration			82,300						81,000
Total fixed costs		$	209,300					$	198,000
Operating profits		$	22,700					$	51,000

Required:

Prepare a profit variance analysis for Brahms & Sons. ( 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.)

BRAHMS & SONS
Profit Variance Analysis
	Actual (62,000 units)	Manufacturing Variance		Marketing & Administration Variance		Sales Price Variance		Flexible Budget (units)	Sales Activity Variance		Master Budget (60,000 units)
Sales revenues	$490,000										$510,000
Variable costs:
Direct material	62,000										51,000
Direct labor	80,000										90,000
Variable overhead	87,000										90,000
Marketing	15,000										15,000
Administration	14,000										15,000
Contribution margin	$232,000										$249,000
Fixed costs:
Manufacturing	104,000										102,000
Marketing	23,000										15,000
Administration	82,300										81,000
Operating profits	$22,700										$51,000