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,$$,652,$$$,526,,],[$Sales revenue,$$,581,000,$$$,602,000,,],[$Cost of goods sold,$$,386,500,$$$,361,000,,[],[$Material purchases at $5,000$ pounds,$$,276,000,$$$,281,500,,],[$Materials usage,$181,500,$pounds,$179,000,$pounds,pounds,L$],[$Production volume,$960,$units,$905,$units,units,$],[$Wages at $4,000$ hours,$+,60,200,$$$,58,800,,$L$],[$Labor usage at $$16$ per hour,$$,96,100,$$$,97,200,,$T$],[$Research and development expense,$$,23,000,$$$,26,500,,5],[$Selling and administrative expenses,$$,50,500,$$$,41,000,,17]]$