Question 3 Vaughn Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 200 kits was prepared for the year. Fixed operating expenses account for 8% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses $10,000 6,000 4,000 3,500 $ 500 Operating income Assume that during the year Vaughn Sports actually sold 210 volleyball kits during the year at a price of $5 per kit. Calculate the sales price variance. (If variance is zero, select "Not Applicable" and enter o for the amounts.) Sales price variance $ Click if you would like to Show Work for this question: Open Show Work