In a recent year a car manufacturer sold 182,158 cars. The company budgeted to sell 191,158 cars

Question:

In a recent year a car manufacturer sold 182,158 cars. The company budgeted to sell 191,158 cars during the year. The budgeted sales price for each car was $30,000 and the actual sales price for each car was $30,200. Compute the sales price variance and the sales volume variance and identify each variance as favorable or unfavorable.