Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Actual (based on actual orders for 450,000 units) $4,487,000 Master Budget (based on budgeted orders for 480,000 units) $4,320,000 1,680,000 252,000 1,680,000 312,000 578,000 528,000 443,500 456,000 $2,953,500 $2,976,000 $1,533,500 $1,344,000 628,800 170,000 130,500 $ 929,300 $ 604,200 600,000 170,000 107,500 $ 877,500 $ 466,500 Prepare a sales activity 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.) Sales revenue Variable costs: Materials Direct labor OSAGE, INC. Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget Variable overhead Variable marketing and administrative Total variable costs $ 0 $ 0 Contribution margin $ 0 $ 0 Fixed costs: Manufacturing overhead Marketing