Problem 16-53 (Algo) Find Data for Profit Variance Analysis (LO 16-4) Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory level changes.) (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.) Reported Income Statement Manufacturing Administrative Marketing and (based on Variance Variance actual sales volume) Sales Price Variance Flexible Budget based on actual sales volume) Sales Activity Variance Budget based on budgeted 5.500 F 13,000 23.400 Sales revenue $ 3,770 F $ 11,1001 1,100 3,700 18.500 $ 1,970 U $ 13.000 Variable manufacturing costs Variable marketing and administrative costs Contribution margin Less: Fixed manufacturing costs Fund marketing and administrative costs Operating profit 6,150 3,850 3,770 F S 6,700