Exercise $8-7$A $($Algo$)$ Evaluating a decision to increase sales volume by lowering sales price LO $8-3,8-4$

Campbell Educational Services had budgeted its training service charge at $$68$ per hour. The company planned to provide $29,000$ hours of training services during Year $3.$ By lowering the service charge to $$56$ per hour, the company was able to increase the actual number of hours to $30,300.$

Required

a$.$ Determine the sales volume variance, and indicate whether it is favorable $($F$)$ or unfavorable $($U$).$

Note: Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$

b$.$ Determine the flexible budget variance, and indicate whether it is favorable $($F$)$ or unfavorable $($U$).$

Note: Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$

c$.$ Did lowering the price of training services increase revenue?

$\backslash$table$[[,$Sales,$],[$a$.$ Volume variance,,$],[$b$.$ Flexible budget variance,,$],[$c$.$ Was the decision profitable?,,$]]$