Sanford Company original assumptions for the planning budget were: Total sales = $160,000, sale price = $20.00, and contribution margin ratio = 40.0%.

Actual results were: Total sales = $174,250, sale volume = 8,500 units, and contribution margin ratio = 35.0%.

Compute the sales volume variance.

Group of answer choices

$1,600 Good thing (Favorable)

$4,000 Good thing (Favorable)

$5,700 Good thing (Favorable)

$8,250 Good thing (Favorable)