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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

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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).)

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Item to Classify Standard Actual Type of Variance Sales volume Sales price Materials cost Materials usage Labor cost Labor usage Fixed cost spending Fixed cost per unit (vol 42,500 units 40,500 units $ 3.65 per unit $ 3.68 per unit $ 3.50 per pound3.40 per pound None 90,500 pounds 91,500 pounds S 10.10 per hour 10.50 per hour 62,300 hours 61,500 hours $ 405,000 S 395,000 3.21 per unit$3.25 per unit

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