Question 1: Sales price variance, sales volume variance, and fixed cost variance Actual Price $350 Budgeted $300 70 $100 Sales volume in units Unit VC 65 $220 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 sales price variance = $ sales volume variance = $ fixed cost variance = $