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" if there is no effect (i.e., zero variance).) Type of Variance F Item to Classify Sales volume Sales price Materials cont Materials usage Labor cost Labor usage Fixed cost spending Fixed cost per unit (volume) Standard 40,600 units $ 3.66 per unit $ 3.50 per pound 91,000 pounds $ 10.60 per hour 61,600 hours $ 425,300 $ 10.50 per unit Actual 42,800 units $ 3.69 per unit $ 3.60 per pound 90.600 pounds 10.20 per hour 62.400 hours 5413 220 $ 9.70 per unit $ Required Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U): (Select "None" If there is no effect (.e., zero variance).) Variance For U 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 Actual $ 528 s 656 $ 606,000 $ 583,000 $ 363,000 $ 389,500 $ 284,500 $ 278,000 181,000 lbs 184,500 lbs 915 units 980 units $ 59,000 $ 60,600 $ 97,600 $ 96,300 $ 29,500 $ 25,000 $ 43,000 $ 53,500 Ibs units