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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
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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