The results for July for Brahms & Sons follow:

	Actual (based on actual sales of 96,000 units)						Master Budget (based on budgeted sales of 94,000 units)
Sales revenues		$	640,000					$	799,000
Less
Variable costs
Direct material			96,000						79,900
Direct labor			97,000						141,000
Variable overhead			104,000						141,000
Marketing			20,400						23,500
Administration			15,700						23,500
Total variable costs		$	333,100					$	408,900
Contribution margin		$	306,900					$	390,100
Less
Fixed costs
Manufacturing			138,000						136,000
Marketing			43,000						23,500
Administration			101,000						98,000
Total fixed costs		$	282,000					$	257,500
Operating profits		$	24,900					$	132,600

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.)