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,$$,527,$$$,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,$$,180,000,$$$,183,000,,],[$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,,]]$