Classifying variances as favorable or unfavorable

Required

Indicate whether each of the following variances is favorable or unfavorable. The first one has been done as anexample.

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Item to Classify Standard Actual Type of Variance Materials cost Materials usage Labor cost Labor usage Fixed cost spending Fixed cost per unit (volume) 320 per unit Sales volume Sales price S2.90 per pound 91,000 pounds S10.00 per hour 61,000 hours $400,000 S3.00 per pound 90,000 pounds $9.60 per hour 61,800 hours $390,000 $3.16 per unit 42,000 units 3.63 per unit Unfavorable 40,000 unit:s S3.60 per unit