The following practice problem has been generated for you:
Determine the sales price variance, sales volume variance, and total variance for the following scenario:
Product 1: Budgeted Quantity = 8, Budgeted Price = $79.00, Actual Quantity = 7, Actual Price = $63.00
Product 2: Budgeted Quantity = 5, Budgeted Price = $67.00, Actual Quantity = 6, Actual Price = $83.00
Product 3: Budgeted Quantity = 2, Budgeted Price = $83.00, Actual Quantity = 6, Actual Price = $62.00
Product 4: Budgeted Quantity = 10, Budgeted Price = $94.00, Actual Quantity = 2, Actual Price = $54.00
Product 5: Budgeted Quantity = 2, Budgeted Price = $59.00, Actual Quantity = 2, Actual Price = $70.00