Question 1 View Policies Current Attempt in Progress Vaughn Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,740 kits was prepared for the year. Fixed operating expenses account for 70% of total operating expenses at this level of sales Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 87.000 52.200 34.800 30.450 $ 4,350 Assume that Vaughn Sports actually sold 1,827 volleyball kits during the year at a price of $42 per kit Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable and enter for the amounts.) Static Budget Flexible Budget Sales Volume Variance Unit Sales Sales revenue Cost of goods sold Linfavorable Favorable Not Applicable