Schindler Co is attempting to determine its performance for the year just ended. Unfortunately, some information is missing. You have been asked to recreate it based on the information below. Static Actual (Master) Results Budget Output (units) 25,000 30,000 Sales revenue $240,000 ? Variable costs $175,000 $187,500 Fixed Costs $15,000 $20,000 Operating income $50,000 2 Important finding: The accountant remembers that the sales price variance was $5,000 Favorable. Required: Note: be sure to indicate whether a variance is favorable or unfavorable and show your work. Note: If you cannot determine an answer, assume a budgeted selling price of $9 and a budgeted operating income of $62,500 for the question below. 1. Briefly, what does the sales volume variance mean?|