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The following information is available for company Z: Planned Sales 10,000 units Planned Selling Price $5 per unit Actual Sales 9,000 units Actual Selling Price

The following information is available for company Z:
Planned Sales 10,000 units
Planned Selling Price $5 per unit
Actual Sales 9,000 units
Actual Selling Price $5.35 per unit
Required:
Calculate the sales price and volume variances.
Label the variances, and indicate the direction of the variance.

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