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,$$,664,$$$,532,],[$Sales revenue,$$,587,000,$$$,614,000,,],[$Cost of goods sold,$$,395,500,$$$,367,000,,],[$Material purchases at $5,000$ pounds,$$,282,000,$$$,290,500,,],[$Materials usage,$190,500,$pounds,$185,000,$pounds,pounds,$],[$Production volume,$1,020,$units,$935,$units,units,$],[$Wages at $4,000$ hours,$$,61,400,$$$,59,400,,],[$Labor usage at $$16$ per hour,$$,96,700,$$$,98,400,,],[$Research and development expense,$$,29,000,$$$,35,500,,],[$Selling and administrative expenses,$$,59,500,$$$,47,000,,]]$