Question 1: Sales price variance, sales volume variance, and fixed cost variance

	Budgeted	Actual
Price	$600	$650
Sales volume in units	50	45
Unit VC	$100	$220
Fixed costs	$200,000	$220,000

a) Without computations, characterize the following variances as favorable or unfavorable: sales price variance F U sales volume variance F U fixed cost variance F U b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U after the number. sales price variance = $ sales volume variance = $ fixed cost variance = $