Babylon Bakery, a renowned bakery chain in Iraq, prepares its budget for the month of March 2024, with the following data:

• Expected Sales Revenue: IQD 50,000,000
• Variable Costs: IQD 20,000,000
• Fixed Costs: IQD 15,000,000

At the end of March 2024, Babylon Bakery reviews its actual performance and finds the following results:

• Actual Sales Revenue: IQD 45,000,000
• Actual Variable Costs: IQD 18,000,000
• Actual Fixed Costs: IQD 16,000,000

Calculate the sales volume variance, sales price variance, and total flexible budget variance for Babylon Bakery. Interpret the variances to identify areas of concern and potential operational improvements.