Brief Exercise 14-14 (Algo) Edwards and Bell market a single line of home computers.... [LO 14-2, 14-3] Edwards and Bell market a single line of home computers, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $406,000; variable costs, $253,000; fixed costs, $100,600. Actual results for the year were as follows: sales revenue, $353,000; variable costs, $225,600; fixed costs, $96,200. The flexible-budget operating income for the year was $35,600. a. What is the total master (static) budget variance in operating profit for the period? b. What portion of the total master (static) budget variance is attributable to actual sales volume being different from planned sales volume? c. What portion of the total variance is due to a combination of selling price and costs (variable cost per unit and total fixed costs) being different from budgeted amounts? a. Total master (static) budget variance b. Sales volume variance c. Flexible-budget variance Unfavorable Unfavorable Unfavorable Brief Exercise 14-16 (Algo) Davidson Corporation produces a single product... [LO 14-3] Davidson Corporation produces a single product: fireproof safety deposit boxes for home use. The budget going into the current year anticipated a selling price of $63 per unit. Because of competitive pressures, the company had to cut selling prices by 10% during the year. Budgeted variable costs per unit are $40, and budgeted total fixed costs are $160,000 for the year. Anticipated sales volume for the year was 14,000 units. Actual sales volume was 5% less than budget. (1) What was the sales price variance for the year? (2) Label this variance F (favorable) or U (unfavorable), as appropriate. (Do not round intermediate calculations.) Sales price variance $ 16,150 Unfavorable