Exercise $23-26($Algo$)$ Computing sales variances LO A$1$

Mia Wiz sells computers. During May, It sold $500$ computers at a $$800$ per unit price. The fixed budget for May predicted sales of $550$ computers at an per unit price of $$780.$

$AQ=$Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

$1$&$2.$ Compute the sales price varlance and the sales volume varlance for May. Identify it as favorable or unfavorable.

Note: Indlcate the effect of each varlance by selecting favorable, unfavorable, or no varlance.