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In May 2019, ABC Inc., plans to sell 1,000 units of its only product for $250 per unit and gain contribution of $140 per unit.

In May 2019, ABC Inc., plans to sell 1,000 units of its only product for $250 per unit and gain contribution of $140 per unit. After fixed costs of $84,000, it forecasted profit of $26,000. Actual results are that ABC sold 1,030 units of the product for $245 per unit. Its realized fixed cost was $84,500 and actual profit was $27,000. What is the firm's sales price variance for May 2019? Enter a favorable (unfavorable) variance as a positive (negative) number.

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