Exercise $16-25($Algo$)$ Profit Variance Analysis $($LO $16-4)$

The master budget at Monroe Manufacturing last period called for sales of $42,100$ units at $$43$ each. The costs were estimated to be $$27$ variable per unit and $$525,000$ fixed. During the period, actual production and actual sales were $45,100$ units. The selling price was $$42$ per unit. Variable costs were $$29$ per unit. Actual fixed costs were $$516,000.$

Required:

Prepare a profit variance analysis.

Note: 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.

$\backslash$table$[[\{$

$\backslash$table$[[$Monroe Manufacturing$],[$Profit Variance Analysis$]]\}],[],[,$Actual,$\backslash$table$[[$Manufacturing$],[$Variances$]],\backslash$table$[[$Sales Price$],[$Variance$]],\backslash$table$[[$Flexible$],[$Budget$]],\backslash$table$[[$Sales Activity$],[$Variance$]],\backslash$table$[[$Master$],[$Budget$]]],[$Sales revenue$],[$Less:$],[$Variable costs$],[\backslash$table$[[$Contribution$],[$margin$]],$$$,,,$$$,,$$$],[$Less:$],[$Fixed costs,,,,,,$],[$Operating profits,$$,,,$$$,,$$$]]$