+ Chapter 6 WileyPLUS Homework Question 2 of 9 - 72 View Policies Current Attempt in Progress Sheridan Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,200 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales $ 220,000 Cost of goods sold (all variable) 140,800 Gross margin 79,200 Operating expenses 70,000 Operating income $ 9,200 Assume that Sheridan Sports actually sold 1,900 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sales 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 Unit Sales Sales revenue $ $ $ Cost of goods sold e Textbook and Media Save for Later Attempts: 0 of 3 used Submit