1. Pricing Strategy, Sales Variances

   Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc., budgeted sales of the following.

   	Budgeted Volume	Budgeted Price
   Product R	119,200	$24
   Product S	151,200	24
   Product T	24,700	22

   At the end of the year, actual sales revenue for Product R and Product S was $2,703,800 and $3,577,200, respectively. The actual price charged for Product R was $22 and for Product S was $22. Only $12 was charged for Product T to encourage more consumers to buy it, and actual sales revenue equaled $774,600 for this product.

   Required:

   1. Calculate the sales price and sales volume variances for each of the three products based on the original budget.

   	Sales price variance		Sales volume variance
   Product R	$		$
   Product S	$		$
   Product T	$		$