(appendix) Sales variances: manufacturer Moreton Surf manufactures boogie boards. The company's performance report for January is as follows: Actual Budget Boogie bus sold 6 000 8000 Sales revence $480000 5600000 Variable costs 290 000 360000 Contribution margin 5190 000 $240000 Fixed costs 168000 160000 Operating profit S 22.000 S 80000 The company uses a flexible budget to analyse its performance and to measure the effect of various factors on the difference between budgeted and actual operating profit Required: Calculate the sales price and sales volume variances for January, and indicate whether each is favourable or unfavourable