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ge, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no inventories. following information is available for the current month: Actual (based on actual orders for 454,000 units) $4,972,000 Master Budget (based on budgeted orders for 488,000 units) $4,880,000 les revenue SS 1,460,000 280,000 674,800 476,000 $2,890,800 $2,081,200 1,464,000 341,600 634,400 488,000 $ 2,928,000 $ 1,952,000 Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs ontribution margin PSS Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs erating profits 989,600 292,000 208,000 $1,489,600 $ 591,600 960,400 292,000 180,400 $1,432,800 $ 519,200 Required: Prepare a profit variance analysis for Osage, Inc. (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.) OSAGE, INC. , Profit Variance Analysis Manufacturing Marketing and Flexible Actual Administrative Sales Price Variance Variances Budget Sales Activity Variance Variances Master Budget Sales revenue $ 4,972,000 $ 4,880,000 Variable costs: 1,460,000 280,000 674,800 476.000 1,464,000 341,600 634,400 488,000 $ 2.890,800 $ 2,081,200 $ 2,928,000 $ 1,952,000 Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits 989,600 960,400 292,000 180,400 292,000 208,000 $ 1,489,600 $ 591,600 $ 1,432,800 S 519,200

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