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Question 2 (4 marks) Dance Revolution Company had budgeted for 4,500 hours of dance instruction for the month of October. Its standard rate for instruction

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Question 2 (4 marks) Dance Revolution Company had budgeted for 4,500 hours of dance instruction for the month of October. Its standard rate for instruction is $10 per hour. Actual revenues for the month of October were $32,000, and actual hours of instruction totaled 5,000. Required: a) Calculate the sales price variance [(standard price - actual price) x actual quantity). (2 marks) b) Calculate the sales quantity variance ((standard quantity - actual quantity) x standard price). (2 marks)

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