The results for March for Savery Parts follow: Sales revenues Less Variable costs Direct material Direct labor Variable overhead Marketing. Administration Total variable costs Contribution margin Less Fixed costs Manufacturing Marketing Administration Total fixed costs Operating profits Sales revenues Variable costs: Direct material Direct labor Variable overhead Marketing Administration Contribution margin Fixed costs: Manufacturing Marketing Administration Operating profits Actual (based on actual sales of 14,700 units) $ 263,865 Required: Prepare a profit variance analysis for Savery Parts for March. Note: 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. S 51,520 44,102 34,103 12,204 18,191 S 103,745 51,520 44,102 34,103 12,204 18,191 $ 160, 120 $ 103,745 36,460 16,802 24,506 25,977 36,460 16,802 Actual (14,700 Manufacturing Variance Units) $ 263,865 24,506 $ 77,768 $ 25,977 Master Budget (based on budgeted sales of 17,500 units) $ 318,500 63,100 52,300 41, 200 13,100 21,400 $191, 100 $ 127,400 33,000 15,000 27,000 $ 75,000 $ 52,400 SAVERY PARTS Profit Variance Analysis Marketing & Administration Variance Sales Price Variance Flexible Budget (14,700 Units) $ S 0 0 Sales Activity Variance Master Budget (17,500 Units) S 318,500 S S 63,100 52,300 41,200 13,100 21,400 127,400 33,000 15,000 27,000 52,400