Check my work 3 Required Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U): (Select "None" if there is no effect (i.e., zero variance).) 1 points Item Budget Actual Variance For U Sales price $ 654 $ 527 eBook Sales revenue Print Cost of goods sold Material purchases at 5,000 pounds Materials usage $ 582,000 $ 388,000 $ 277,000 183,000 lbs $ 604,000 $ 362,000 $ 283,000 180,000 lbs References lbs Production volume 970 units 910 units units $ 60,400 $ 58,900 97,400 $ Wages at 4,000 hours Labor usage at $16 per hour Research and development expense Selling and administrative expenses $ 96,200 $ 24,000 $ 52,000 28,000 42,000 $