QS 21-22 (Algo) Sales variances LO A1 In a recent year a car manufacturer sold 216,544 cars. The company budgeted to sell 225,644 cars during the year. The budgeted sales price for each car was $25,000 and the actual sales price for each car was $25,200. AQ= Actual Quantity SQ= Standard Quantity AP = Actual Price SP= Standard Price Compute the sales price variance and the sales volume variance and identify each variance as favorable or unfavorable