NOTE: I only need help with the Sales Volume Variance @ the bottom.

As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the companys sole product:

	Actual	Master (Static) Budget
Units Sold	35,000	40,000
Sales	$ 397,000	$ 467,000
Variable cost	$ 227,000	$ 287,000
Fixed costs	$ 164,500	$152,000

What was the actual operating income for the period?

Actual operating income

$ 5,500

What was the companys master budget operating income for the period?

Master operating Income

$ 28,000

What was the total master (static) budget variance, in terms of operating income, for the period? Is this variance favorable or unfavorable?

Total Master budget Variance

$ 22,500

Unfavorable

From the information given earlier, decompose the total master (static) budget variance by determining the amounts for both the total flexible-budget variance and sales volume variance. Are these variances favorable or unfavorable? (Leave no cells blank - be certain to enter "0" wherever required. If a variance has no amount, select "None" in the corresponding dropdown cell.)

Total flexible-budget variance	0	None
Sales volume variance	???	Unfavorable