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Bramble Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,600 kits was prepared
Bramble Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,600 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales $ 260,000 Cost of goods sold (all variable) 171,600 Gross margin 88,400 Operating expenses 40,000 Operating income $ 48,400 Assume that Bramble Sports actually sold 2,300 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable" and enter o for the amounts.) Flexible Budget Sales Volume Variance Unit Sales Sales revenue $ $ $ [ Cost of goods sold eTextbook and Media Save for Later Attempts: unlimited Submit
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