ABC Inc. Has the flexible budgeted income statement for the period ended in December 31, 2019 at 600 units sold as follows:

      Sales (100 price per unit   *600 units)     600,000

• Cost of gold sold (600*50)            300,0000
• Gross profit                                    300,000
• Operating expenses:
• Wages and salaries (10,000+ 10*600) 16,000
• Supplies (5000+2*600)                       6,200
• Insurance                                            3,000
• Total expenses                                   25,200
• Net operating income                        274,800

Whereas the actual income statement for the period ended in December 31, 2019 at 600 units sold as follows:

Sales                                                     650,000

• Cost of gold sold                        300,000
• Gross profit                               350,000
• Operating expenses:
• Wages and salaries                    20,000
• Supplies)                                   7,000
• Insurance                                   3,000
• Total expenses                           30,000
• Net operating income              320,000

Required: compute the variance and specify whichever favorable and unfavorable variance is.