Question 1: Sales price variance, sales volume variance, and fixed cost variance Budgeted Actual Price: $500 $550 Sales volume in units 70 65 $100 $120 Unit VC Fixed costs $100,000 $120,000 a) Without computations, characterize the following variances as favorable or unfavorable sales price variance Of Ou sales volume variance Of Ou fixed cost variance Of Ou b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative number Do NOT endar For U after the number sales price variances sales volume variance-$ fixed cost variance 6