Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc, budgeted sales of the following, Budgeted Budgeted Volume Price Product R $22 117,200 161,500 Products 24 Product T 17,800 23 At the end of the year, actual sales revenue for Product Rand Products was $3,112,200 and $3,817.000, respectively. The actual price charged for Product was $26 and for Products was $22. Only $13 was charged for Product T to encourage more consumers to buy it and actual sales revenue equaled $607,100 for this product. Required: 1. Calculate the sales price and sales volume variances for each of the threr products based on the original budoet Sales price variance Sales volume variance Product R 119,700 Unfavorable Products 318,063 x Unfavorable Product T 46,700 X Unfavorable 2. Suppose that Product T is a new product just introduced during the year. What pridng strategy is Eastman, Inc., following for this product? Penetration pricing strategy