Waterway Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,200 kits was prepared for the year. Fixed operating expenses account for 48% of total operating expenses at this level of sales.

Sales		$	60,000
Cost of goods sold (all variable)			36,000
Gross margin			24,000
Operating expenses			21,000
Operating income		$	3,000

Assume that Waterway Sports actually sold 1,260 volleyball kits during the year at a price of $39 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

		Flexible Budget		Sales Volume Variance				Static Budget
Unit Sales						Not Applicable, Favorable, or Unfavorable
Sales revenue		$		$		Not Applicable, Favorable, or Unfavorable		$
Cost of goods sold						Not Applicable, Favorable, or Unfavorable

Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,090 pounds of plastic to use in its dive masks, at a cost of $6,632. The standard price for the plastic is $1.508 per pound. The company actually used 3,800 pounds of the plastic to produce 17,000 dive masks. Calculate Cranes direct materials price variance for the month. (Round answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Direct material price variance

$

Favorable, Unfavorable, or Not Applicable