65. Using the following data, calculate the purchase price variance for Rizzo Company. Budgeted quantity per unit of output 5 yards $18.00 8,000 yards $140,000 8,500 yards Budgeted price per yard Actual yards purchased Actual cost of material purchase Material used in production A. $13,000 Favorable. B. $4,250 Favorable. C. $4,000 Favorable. D. $2,000 Unfavorable. E. None of the above. Appendibk A-C 66. Using the following data, calculate the sales volume variance for Rizzo Company. 5,000 units 5,500 units Actual sales quantity Budgeted sales quantity Budgeted sales price per unit $6 Budgeted unit contribution margin A. $3,000 Favorable. B. $3,000 Unfavorable. C. $5,000 Favorable. D. $5,000 Unfavorable. E. None of the above. Appendix B-B