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ne, Exercise 6-2 Crane Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,500

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ne, Exercise 6-2 Crane Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,500 kits was prepared for the year. Fixed operating expenses account for 60% of total operating expenses at this level of sales Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $75,000 45,000 30,000 26,250 $ 3,750 Assume that Crane Sports actually sold 1,575 volleyball kits during the year at a price of 546 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.) Flexible Budget Sales Volume Variance Static Budget Unit Sales Sales revenue Cost of goods sold Click if you would like to show Work for this question: Open Show Work Question Attempts: Unlimited

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