Exercise 6-2 Marigold Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,360 kits was prepared for the year. Fixed operating expenses account for 54% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $68,000 40,800 27,200 23,800 $3,400 Assume that Marigold Sports actually sold 1,428 volleyball kits during the year at a price of $43 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Flexible Budget Sales Volume Variance Static Budget Unit Sales Sales revenue Cost of goods sold