Required

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

$\backslash$table$[[$Item$,$Budget,Actual,Variance,Effect$],[$Sales price,$$,527,$$$,654],[$Sales revenue,$$,604,000,$$$,582,000,,],[$Cost of goods sold,$$,362,000,$$$,388,000,,],[$Material purchases at $5,000$ pounds,$$,283,000,$$$,277,000,,],[$Materials usage,$180,000,$pounds,$183,000,$pounds,pounds,$],[\backslash$table$[[$Production volume$]],910,$units,$970,$units,units,$],[$Wages at $4,000$ hours,$$,58,900,$$$,60,400,,],[$Labor usage at $$16$ per hour,$$,97,400,$$$,96,200,,],[$Research and development expense,$$,28,000,$$$,24,000,,],[$Selling and administrative expenses,$$,42,000,$$$,52,000,,]]$

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