Current Attempt in Progress Your answer is partially correct. Crane Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,600 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales $ 260,000 Cost of goods sold (all variable) 182,000 Gross margin 78,000 Operating expenses 40,000 Operating income $ 38,000 Assume that Crane Sports actually sold 2,300 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable and enter O for the amounts) Assume that Crane Sports actually sold 2,300 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable and enter 0 for the amounts.) Flexible Budget Sales Volume Variance Static Budget Unit Sales Sales revenue Cost of goods sold eTextbook and Media $ 2300 230000 161000 $
