Exercise 15-4A (Algo) 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 (i.e., zero variance).) Actual Standard Item to Classify Type of Variance F 42,400 units 40,400 units Sales volume Sales price $ $ 3.67 per unit 3.40 per pound 90.400 pounds Materials cost Materials usage 3.64 per unit $ 3.30 per pound 91,400 pounds $ 10.40 per hour 61,400 hours $ 416,120 $ 10.30 per unit Labor cost 10.00 per hour 62,200 hours $ 402,800 Labor usage Fixed cost spending Fixed cost per unit (volume) $ 9.50 per unit