Seven Seas Corp. presents the following data:

	Budget	Actual
Sales	960	750
Cost of Goods Sold	800	600
Gross Profit	160	150

Budgeted Unit sold are at 80 units while Actual Units sold are 75.

1. What is the sale price variance?
2. What is the sale price variance, under 3 way?
3. Determine the Cost price variance, under 4 way?
4. Determine the Cost price variance, under 3 way?
5. What is the sales volume variance, under 4 way?
6. Determine the Cost price volume variance?
7. Determine the Volume Variance

Show appropriate solutions.