Required Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U): (Select "None" there is no effect (i.e., zero variance).) Budget 531 $ 612.000 $ 366,000 $ 662 $ 586,000 $ 394.000 $ 289,000 $ 281,000 $184000 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 $ 189,000 1,010 units units units 59,300 98.200 $ $ $ 61 200 96,600 $ 34,000 $ 28,000 $ 45,000 $ 58,000