Your answer is partially correct. Try again. Marigold Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,420 kits was prepared for the year. Fixed operating expenses account for 57% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $71,000 42,600 28,400 24,850 $ 3,550 Assume that Marigold Sports actually sold 1,491 volleyball kits during the year at a price of $36 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable" and enter o for the amounts.) Flexible Budget Sales Volume Variance Static Budget Unit Sales 1,420 1,420 Favorable Favorable a l 71 Sales revenue 1,491) 1800 4 4730) 71,000 T Favorable ) Sales revenue Cost of goods sold 17,224 1 1 426001 Unfavorable = 2,130) Click if you would like to Show Work for this question: Open Show Work