of Oriole Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,700 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) $ 270,000 162,000 Gross margin 108,000 Operating expenses 80,000 Operating income $ 28,000 Assume that Oriole Sports actually sold 2,400 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.) 69 Flexible Budget Sales Volume Variance Unfavorable Unfavorable Favorable Static Budget