Use the information for Odessa, Inc., in Problem 16-50 to prepare a profit variance analysis like the one in Exhibit 16.5.
Information From Problem 16-50

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Actual (based on actual of 540 units) Master Budget (based on budgeted 600 units) $96,000 $88,320 Less Manufacturing costs 13,632 11,520 7,872 5,088 4,800 $42,912 $45.408 14,400 13,440 9,600 5,760 4,800 $48,000 $48,000 Administrative . Fixed costs 4,665 9,984 9,561 $24,210 $21.198 4,800 9,600 9,600 $24,000 $24,000