White Mountain Sled Company manufactures children's snow sleds. The company's performance report for November is as follows. Actual Budget Sleds sold 5,000 6,000 Sales $240,000 $300,000 Variable costs...

Extracted text: White Mountain Sled Company manufactures children's snow sleds. The company's performance report for November is as follows. Actual Budget Sleds sold 5,000 6,000 Sales $240,000 $300,000 Variable costs 150,000 180,000 Contribution margin $ 90,000 84,000 $120,000 Fixed costs 80,000 Operating income $ 6,000 $ 40,000 The company uses sales variance analysis to explain the difference between budgeted and actual sales revenue. Required: Compute the following variances and indicate whether each is favorable or unfavorable. (Select "None" for no effect (i.e., zero variance).) 1. November sales-price variance 2. November sales-volume variance