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1) Calculate the sales price variance for the scenario mentioned below. We budgeted to sell 50,000 units for $875,000. We actually sold 55,000 units for

1) Calculate the sales price variance for the scenario mentioned below. We budgeted to sell 50,000 units for $875,000. We actually sold 55,000 units for $923,000.

2) Calculate the operating income variance for the scenario mentioned below. We budgeted to sell 50,000 units for $875,000 revenue and $150,000 net profit. We actually sold 55,000 units for $923,000 revenue and $163,500 net profit.

3) Calculate the fixed overhead production volume variance for the scenario mentioned below. We budgeted $789,000 of fixed overheads and 28,025 machine hours to make 29,500 units. We later incurred $802,349 of fixed overheads and 31,400 machine hours and made 32,100 units.

Give your answer in 2 decimal places and in absolute dollar value (negative not required).

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