Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U):

Item Budget Actual Varlance For U $400 $360,000 $390 $390.000 Sales price Sales revenue Cost of goods sold Material purchases at 5,000 pounds Materlals usage 192,500 $180,000 137,500 $140,000 $89,000 900 units $29,350 $48,500 11000 $12,500 $20,000 $90,000 950 units $30,000 $48,000 Wages at 4,000 hours ch and development expense Selling and adminlstrative expenses $24,500