The results for July for Brahms & Sons follow:

	Actual (based on actual sales of 58,800 units)						Master Budget (based on budgeted sales of 56,000 units)
Sales revenue		$	462,000					$	480,000
Less
Variable costs
Direct material			58,800						48,000
Direct labor			54,600						64,000
Variable overhead			63,400						64,000
Marketing			20,400						20,000
Administrative			18,800						20,000
Total variable costs		$	216,000					$	216,000
Contribution margin		$	246,000					$	264,000
Less
Fixed costs
Manufacturing			102,400						100,000
Marketing			22,800						20,000
Administrative			81,200						80,000
Total fixed costs		$	206,400					$	200,000
Operating profits		$	39,600					$	64,000

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.)