Exercise 15-4 Classifying variances as favorable or unfavorable LO 15-3 Required Indicate whether each of the following variances is favorable (F) or unfavorable (U) The first one has been done as an example. Select "None" if there is no effect (ie., zero variance).) Item to Classify Standard Actual Type of Variance Sales volume 40,600 units 42,600 units F $ 366|per unit- 369|per unit $ 350 per pound 360 per pound Sales price Materials cost Materials usage Labor cost Labor usage Fixed cost spending 91,600 pouads 10.60 per hour 61,600 hours 406,000 90,600 pounds 10.20 per hour 62,400 hours 396,000 |Fixed cost per unit (volume) 326/ per unit 322per unit