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,$$,535,$$$,670],[$Sales revenue,$$,620,000,$$$,590,000,,],[$Cost of goods sold,$$,370,000,$$$,400,000,,],[$Material purchases at $5,000$ pounds,$$,295,000,$$$,285,000,,],[$Materials usage,$188,000,$pounds,$195,000,$pounds,pounds,$],[$Production volume,$950,$units,$1,050,$units,units,$],[$Wages at $4,000$ hours,$$,59,700,$$$,62,000,,],[$Labor usage at $$16$ per hour,$$,99,000,$$$,97,000,,],[$Research and development expense,$$,40,000,$$$,32,000,,],[$Selling and administrative expenses,$$,50,000,$$$,64,000,,]]$