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 = $71.00, Actual Quantity = 3, Actual Price = $93.00
Product 2: Budgeted Quantity = 2, Budgeted Price = $39.00, Actual Quantity = 7, Actual Price = $20.00
Product 3: Budgeted Quantity = 4, Budgeted Price = $53.00, Actual Quantity = 2, Actual Price = $33.00