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Current Attempt in Progress Bonita Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of

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Current Attempt in Progress Bonita 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 63% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 425,000 259,840 165.160 27,650 $ 137,510 Assume that during the year Bonita Sports actually sold 2.700 volleyball kits during the year at a price of $173 per kit Calculate the sales price variance. (If variance is zero, select "Not Applicable and enter o for the amounts.) $ Sales price variance

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