Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,500 kits was prepared for the year. Fixed operating expenses account for 66% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 375,000 241,920 133,080 29,050 $ 104,030 Assume that during the year Concord Sports actually sold 2,700 volleyball kits during the year at a price of $155 per kit. Calculate the sales price variance. (If variance is zero, select "Not Applicable" and enter O for the amounts.) $ Sales price variance Bramble Gold manufactures award medals. In August, Bramble produced 4,000 medals, 300 more than expected. During the month, the company purchased 1,500 ounces of gold for $1,054,000. The standard price for the gold is $700 per ounce. The company actually used 1,400 ounces of gold for production. Calculate Bramble's direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) $ Direct material price variance