Comp Wiz sells computers. During May, it sold 500 computers at a $700 average price each. The May fixed budget included sales of 550 computers at an average price of $670 each. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

Actual Sales Flexible Budget Budgeted Sales