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Tom Co . provides plastic tools to the life science industry. The following information is related to Tom s sales for the current year: Expected

Tom Co. provides plastic tools to the life science industry. The following information is related to Toms sales for the current year:
Expected sales price
$350
Expected sales
1,000 units
Actual production
950 units
Actual sales unit
900 units
Actual total sales
$300,000
Variable cost per unit
$125.50
Total cost per unit
$195.50
Using the given data, what is the sales price variance?
$22,450, favorable.
$15,003, favorable.
$22,450, unfavorable.
$15,003, unfavorable.

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