Waterway Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,600 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 260,000 179,400 80,600 70.000 $ 10.600 Assume that Waterway Sports actually sold 2.300 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sates revenue and cost of goods sold. If variance is zero, select "Not Applicable and enter for the amounts.) Flexible Budget Sales Volume Variance Static Budget 2300 100 Unfavorable 2600 270600 $ 10600 Uhfavorable 260000 Unit Sales Sales revenue Cost of goods sold 158700 8000 Favorable 179200 e Textbook and Media Attempt 1 of 3 used