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Vaughn 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

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Vaughn 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 8% of total operating expenses at this level of sales. Sales $ 400.000 153,600 Cost of goods sold (all variable) Gross margin Operating expenses 246,400 3,500 Operating income $ 242.900 Assume that during the year Vaughn Sports actually sold 2,700 volleyball kits during the year at a price of $161 per kit Calculate the sales price variance. (If variance is zero, select "Not Applicable" and enter for the amounts.) Sales price variance $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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