Required Indicate whether each of the following variances is favorable or unfavorable. The first one has been done as an example. Item to classify Standard Actual Type of Variances materials cost $2.90 per pound $3.00 per pound unfavorable materials usage 91,000 pounds 90,000 pounds labor cost $10.00 per hour $9.60 per hour labor usage 61,000 hours 61,800 hours fixed cost spending $400,000 $390,000 fixed cost per unit (vol) $3.20 per unit $3.16 per unit sales volume 40,000 42,000 units sales price $3.20 per unit $3.63 per unit