Comp Wiz sells computers. During May, it sold 600 computers at a $1,000 average price each. The May fixed budget included sales of 650 computers at an average price of $960 each.

AQ = Actual Quantity

SQ = Standard Quantity

AP = Actual Price

SP = Standard Price

1&2. Compute the sales price variance and the sales volume variance for May.Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

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1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. [Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)