Dance Society had budgeted for 4,000 hours of dance instruction for the month of October.

Its standard rate for instruction is $8 per hour. Actual revenues for the month of October were

$31,000, and actual hours of instruction totaled 3,600.

Required:

a) Calculate the sales price variance [(standard price actual price) x actual quantity]. (SHOW WORK)

b) Calculate the sales quantity variance [(standard quantity actual quantity) x standard price]. (SHOW WORK)