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Vélos Recyclables is marketing a new electric bike made entirely from recycled materials. Convinced of the success of his model, the manager hopes to sell 200 of them at a price of €1,200 by Christmas. By the end of December, he had sold 220 bikes but was forced to offer average discounts of 20% to customers in the face of competition from Decathlon, which launched its recyclable bike at the same time.
QUESTION17. What are the price and volume variances for December sales?