AC 222 Price/Volume Variance Analysis - Problems C. For 2019 the Maryland Teacup Company prepared a budget to sell 100,000 teacups at a selling price of $12 per teacup. Budget unit costs were $3.50 for materials and $5.50 for labor. In 2019 the company lowered the selling price to $11 and sold 120,000 teacups with actual unit costs of $3.70 for materials and $4.90 for labor. Required: Perform a price/volume variance analysis for 2019 for: Sales Materials Labor D. The Maryland Teacup Company had a 2019 Budget of 600,000 teacups at a selling price of $12.50 per teacup. Budget unit costs were $4.20 for materials and $6.70 for labor. In 2019 Maryland Teacup Company raised the selling price to $13.50 and sold 550,000 teacups. Actual unit costs were $4.10 for materials and $6.95 for labor. Required: Perform a price/volume variance analysis for 2019 for: . Sales Materials Labor