Item Budget Actual Variance Effect

Sales price $$400$ $$390$

Sales revenue $$360,000$ $$390,000$

Cost of goods sold $$192,500$ $$180,000$

Material purchases at $5,000$ pounds $$137,500$ $$140,000$

Materials usage $90,000$ pounds $89,000$ pounds pounds

Production volume $950$ units $900$ units units

Wages at $4,000$ hours $$30,000$ $$29,350$

Labor usage at $$12$ per hour $$48,000$ $$48,500$

Research and development expense $$11,000$ $$12,500$

Selling and administrative expenses $$24,500$ $$20,000$