Sheffield Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,500 kits was prepared for the year. Fixed operating expenses account for 61% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 325,000 326,400 -1,400 26,600 $ -28,000 Assume that during the year Sheffield Sports actually sold 2,700 volleyball kits during the year at a price of $132 per kit. Calculate the sales price variance. (If variance is zero, select "Not Applicable" and enter O for the amounts.) $ Favorable Sales price variance