Superior PlantMaster Budget$($For July$)$Quantity$8,180$Revenue$ $1,554,200$Variable manufacturing cost$588,960$Variable Selling, General and Administrative cost$98,160$Contribution margin$$867,080$Fixed manufacturing cost$210,000$Fixed Selling,Administrative costGeneral and$368,000$Operating profit$ $289,080$The following operating income statement shows the actual results for July:Harlow PartsSuperior PlantOperating Results$($For July$)$Quantity $($units$)$RevenueVariable manufacturing costVariable Selling, General and Administrative cost Contribution margin Fixed manufacturing costFixed Selling, General and Administrative costOperating profit$9,580$$ $1,755,800772,394110,840$$ $872,566221,040378,000$$ $273,526$Required:Prepare a profit variance analysis for the Superior Plant for July. $($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.$)$Profit Variance AnalysisActualsManufacturingVariancesSelling, General and AdministrativeVariancesSales Price VarianceFlexible BudgetSales Activity VarianceMaster Budget$8,180$Quantity$9,5801,554,200$Revenue$ $1,755,800588,960$Variable manufacturing cost$772,39498,160$Variable Selling, General and Administrative cost$110,840867,080210\mathrm{.}000!$Contribution margin$$872,566$:Fixed manufacturing cost$221,040368,000$:Fixed Selling, General and Administrative cost$378,000$$$289,080$