Exercise $21-26($Algo$)$ Computing sales variances LO A$1$

Mia Wiz sells computers. During May, it sold $600$ computers at a $$900$ per unit price. The fixed budget for May predicted sales of $650$ computers at an per unit price of $$850.$

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. Identify it as favorable or unfavorable.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.