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Eastman, Inc., manufactures and sells three products: R,S, and T. In January, Eastman, inc, budgeted sales of the following. At the end of the year,

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Eastman, Inc., manufactures and sells three products: R,S, and T. In January, Eastman, inc, budgeted sales of the following. At the end of the year, actual sales revenue for Product R and Product 5 was $2,708,200 and $3,921,500, respectively. The actual price charged for Product R was $22 and for Product S was $23. Only $10 was charged for Product T to encourage more consumers to buy it, and actual sales revenue equaled $590,500 for this product. Required: 1. Calculate the sales price and sales volume variances for each of the three products based on the original budget. 2. Suppose that Product T is a new product just introduced during the year. What pricing strategy is Eastman, Inc., following for this product

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