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Life-Cycle Pricing, Sales Price and Sales Volume Variances Data for Torleson Company are as follows: Budgeted price $15.00 Actual price $14.80 Budgeted quantity 1,450

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Life-Cycle Pricing, Sales Price and Sales Volume Variances Data for Torleson Company are as follows: Budgeted price $15.00 Actual price $14.80 Budgeted quantity 1,450 Actual quantity sold 2,500 Required: 1. Calculate the sales price variance. A Unfavorable 2. Calculate the sales volume variance. Favorable FA

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