Problem $16-57($Algo$)$ Find Data for Profit Varlance Analysls $($LO $16-4)$

McCoy Industries has prepared the following. partially complete profit variance analysis:

Required:

Find the values of the missing items. Assume that actual sales volume equals actual production volume. $($There are no inventory level changes.$)$

Note: Do not round Intermedlate calculatlons. Indleate the effect of each varlance by selecting $"$F$"$ for favorable, or $"$U$"$ for unfavorable. If there ls no effect, do not select elther optlon.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & Reported Income Statement $($based on actual sales volume$)$ & $\backslash$multicolumn$\{3\}\{|$r$|\}\{$Manufacturing Variance$\}$ & Marketing and Administrative Variance & $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Sales Price Variance$\}$ & Flexible Budget $($based on actual sales volume$)$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Sales Activity Variance$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Master Budget $($based on budgeted sales volume$)\}\backslash \backslash$

$\backslash$hline Units & & & & & & & & & & $12,000$ & F & & $60,000\backslash \backslash$

$\backslash$hline Sales revenue & & & & & & & $19\mathrm{.}440$ & F & & & & $\backslash$$ & $162,000\backslash \backslash$

$\backslash$hline Less: & & & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Variable manufacturing costs & & & & & & & & & $103,680$ & & & & $86\mathrm{.}400\backslash \backslash$

$\backslash$hline Variable marketing and administrative costs & $23,320$ & & & & & & & & $25,920$ & $4,320$ & U & & $\backslash \backslash$

$\backslash$hline Contribution margin & & $\backslash$$ & $9,720$ & U & & & & & $564,800$ & & & $\backslash$$ & $54,000\backslash \backslash$

$\backslash$hline Less: & & & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline Fixed manufacturing costs & & & $2,160$ & F & & & & & & & & & $\backslash \backslash$

$\backslash$hline Fixed marketing and administrative costs & $19\mathrm{.}440$ & & & & & & & & $16,200$ & & & & $\backslash \backslash$

$\backslash$hline Operating profits & & & & & & $\backslash$$ & $19,440$ & F & $521,600$ & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$