White Mountain Sled Company manufactures children's snow sleds. The company's performance report for November is as follows. Probl- Sales Vari (LO 11-9) 2. Sales v $50,000 Sleds sold Budget 6.000 Sales Variable costs Contribution margin Fixed costs Operating income Actual 5,000 $240,000 150,000 $ 90,000 84,000 $ 6.000 $300,000 180.000 $120,000 80,000 $ 40.000 The company uses sales variance analysis to explain the difference between budgeted and actual sales revenue. Required: Compute the following variances and indicate whether each is favorable or unfavorable. 1. November sales price variance. 2. November sales volume variance. (CMA, adapted)