Required

Compute variances for the following items and indicate whether each variance is favorable $($F$)$ or unfavorable $($U$)$: Note: Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$

$\backslash$table$[[$Item$,$Budget,Actual,Variance,Effect$],[$Sales price,$$,654,$$$,527,$U$,],[$Sales revenue,$$,582,000,$$$,604,000,,\frac{?}{\text{b}\text{a}\text{r}}(U),],[$Cost of goods sold,$$,388,000,$$$,362,000,,$U$,],[$Material purchases at $5,000$ pounds,$$,277,000,$$$,283,000,,,$grad