The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $ 11,500 $ 15,100 Cost of Goods Sold (5,600 ) (7,500 ) Gross Margin 5,900 7,600 Variable Cost (2,300 ) (3,150 ) Fixed Cost (3,100 ) (2,350 ) Net Income $ 500 $ 2,100 Based on this information Ashton Company has a

Multiple Choice

$1,600 favorable sales variance

$1,600 unfavorable sales variance Incorrect

$3,600 favorable sales variance

$3,600 unfavorable sales variance