The results for July for Brahms & Sons follow:

	Actual (based on actual sales of 98,000 units)						Master Budget (based on budgeted sales 96,000 units)
Sales revenue		$	650,000					$	816,000
Less
Variable costs
Direct material			98,000						81,600
Direct labor			98,000						144,000
Variable overhead			105,000						144,000
Marketing			20,800						24,000
Administrative			15,800						24,000
Total variable costs		$	337,600					$	417,600
Contribution margin		$	312,400					$	398,400
Less
Fixed costs
Manufacturing			138,100						138,000
Marketing			43,800						24,000
Administrative			102,100						99,000
Total fixed costs		$	284,000					$	261,000
Operating profits		$	28,400					$	137,400

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.)