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

The master budget at Monroe Manufacturing last period called for sales of $42,000$ units at $$42$ each. The costs were estimated to be $$26$ variable per unit and $$524,000$ fixed. During the period, actual production and actual sales were $45,000$ units. The selling price was $$41$ per unit. Variable costs were $$28$ per unit. Actual fixed costs were $$515,000.$

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.