The following information was drawn from the accounting records of Smith Company Sales Cost of Goods Sold Gross Margin Variable Cost Fixed Cost Net Income Static Budget $15,000 (7,000) 8,000 Flexible Budget $22,000 Actual Results $24,700 (9,200) (7,400) 12,800 17,300 (3,000) (2,000) (3,900) (2,000) (5,100) (2,300) $ 3,000 $ 6,900 $ 9,900 Based on this information the Multiple Choice sales price flexible budget variance is a $9,700 unfavorable variance. sales price flexible budget variance is a $2,700 favorable variance. sales price flexible budget variance is a $9,700 favorable variance. sales price flexible budget variance is a $7,000 favorable variance.