Mad Dog Fence company has a Master Budget of $300,000 revenue, which represents 300 fences in unit sales. The variable costs are $450 p/fence. Actuals revenue was $302,500 and actual number of fences sold were 275. When doing performance reporting, how would you describe Mad Dogs revenue variance?

a. unfavorable volume variance, favorable price variance

b. favorable volume variance, unfavorable price variance

c. favorable volume variance, favorable price variance

d. unfavorable volume variance, unfavorable price variance