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 Problem 16-52 Profit Variance Analysis (LO 16-4) Odessa, Inc., reports the following information concerning operations for the most recent month Actual (based on actual of 495 units) $91,390 Master Budget (based on budgeted 550 units) $99,000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative 12,430 10,120 7,570 4,486 4,950 $39,556 $51,834 13,200 12,100 9,350 5,170 4.950 $44,770 $54,230 Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative 4,255 9,186 8,760 $22,201 4,400 8,800 8,800 $22.000 Total fixed costs Operating profits $29,633 $32,230 There are no inventories
Required Prepare a profit variance analysis for Odessa, 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.) ODESSA, INC. Profit Variance Analysis Actual 495 Units) Master Budget (550 Units Marketing and Manufacturing Variance Administrative Variance Sales Price VarianceFlexible Sales Activity Variance Budget (Units) Sales revenue $91,390 $ 99,000 Variable costs: 12,430 10,120 7,570 4,486 4,950 Contribution margin51,834 Manufacturing Direct labor Materials Overhead Marketing 13,200 12,100 9,350 5,170 4,950 $54,230 0 Fixed costs: Manufacturing Marketing 4,255 9,186 8,760 $29,633 S 4,400 8,800 8,800 32,230 Operating profit

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