Compute variances for the following items and indicate the effect of each variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

Budget Actual Variance? Effect?

Sales Price 528 656 ? ?

Sales Revenue 606000 583000 ? ?

Cost of goods sold 363000 389500 ? ?

Material purchases at 5,000 Pounds 284500 278000 ? ?

Materials usage 181000 184500 ? ?

Production volume 915 980 ? ?

wages at 4,000 hours 59000 60600 ? ?

labour usage at $16 per hour 97600 96300 ? ?

research and development expense 29500 25000 ? ?

selling and administrative expenses 43000 53500 ? ?