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Marigold Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,800 kits was prepared

image text in transcribedimage text in transcribed Marigold Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,800 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Assume that Marigold Sports actually sold 2,500 volleyball kits during the year at a price of \$102 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Assume that Marigold Sports actually sold 2,500 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable" and enter O for the amounts.)

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