McGrath's Produces and Sells Two Types of T-Shirts-Fancy and Plain

Essay

McGrath's produces and sells two types of t-shirts-Fancy and Plain.The company provides the following data:
$\begin{array}{lll}& \text { Budget } & \text { Actual } \\\text { Unit sales price -Fancy } & \$ 24 & \$ 25 \\\text { Unit sales price - Plain } & \$ 18 & \$ 17 \\\text { Unit sales - Fancy } & 1,300 & 1,250 \\\text { Unit sales - Plain } & 900 & 875\end{array}$ Compute the flexible budget variance for Fancy t-shirts for sales revenue.