Question 1: Sales price variance, sales volume variance, and fixed cost variance Price Sales volume in units Unit VC Fixed costs Budgeted Actual $300 $350 50 45 $200 $120 $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 varlances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter For U after the number. sales price variance - $ sales volume variances fixed cost variance - $