Calculate the sales price variance. What does this variance mean for Precision? What are the possible drivers of this variance?

Sales price variance: Actual total revenue - (Actual sales * Budgeted Prices)

Precision Design Pty Ltd Variance Report for the year ending 30 June 2019 budget actual variance Hours charged 33,600 29,507 (4,093) Income Statement Sales revenue 5,712 4,997 (715) Direct Labour (3,102) (2,750) 352 Contribution margin 2,610 2,247 (363) Non-variable expenses indirect labour 4 Information technology 3 rent 0 utilities 2 training 1 travel & accomodation (1,064) (1,060) (75) (72) (510) (510) (25) (23) (65) (64) (336) (335) (35) (33) (80) (76) (203) (198) (23) (21) 194 (145) 1 repair & maintenance 2 staff amenities 4 depreciation 5 general office expenses 2 operating profit (339)