Exercise 15-5A (Algo) Determining amount and type (favorable vs. unfavorable) of variance LO 15-3 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... zero variance).) Variance For U Item Sales price Sales revenue Cont of goods sold Material purchases at 5.000 pounds Materiais usage Production volume Wages at 4,000 hours Labor usage at $16 per hour Research and development expense Selling and administrative expenses Budget $ 666 $588,000 $ 397,000 5. 283,000 192,000 lbs 1,030 unit $ 61,500 5 96,800 $ 30,000 $ 61,000 Actual $ 533 $ 616,000 S 368,000 $ 292.000 186,000 lbs 040 units $50,500 $ 98,600 $ $ 48.000 bo units 37.000