HD Save Exit Check Required Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U): (Select "None there is no effect (.e., zero variance).) Variance Effect Item Sales price Sales revenue Cost of goods sold Material purchases at 5,000 pounds Materials usage Production volume Wages at 4,000 hours Labor usage at $16 per hour Research and development expense Selling and administrative expenses Budget $ 529 $ 608,000 $ 364,000 $ 286,000 $ 182,000 920 units $ 59,100 $ 97,800 $ 31,000 $ 44,000 Actual $ 658 $ 584,000 $ 391,000 $ 279,000 $ 186,000 990 units $ 60,800 $ 96,400 $ 26,000 $ 55,000 units