$1.$Calculate the$$ sales$-$volume variance and$$ flexible$-$budget variance for operating income.

$2.$Compute price and efficiency variances for direct materials and direct manufacturing labor.Genoa Statuary manufactures bust statues of famous historical figures. All statues are the same

size. Each unit requires the same amount of resources. The following information is from the

static budget for $2020$:

Standard quantities, standard prices, and standard unit costs follow for direct materials

and direct manufacturing labor:

During $2020,$ actual number of units produced and sold was $5,100,$ at an average selling price of

$$780.$ Actual cost of direct materials used was $$1,149,400(70,000$ pounds at $$16\mathrm{.}42$ per pound$).$

Actual direct manufacturing labor costs were $$572,900(17,000$ actual direct

manufacturing labor$-$hours at $$33\mathrm{.}70$ per hour$).$ Actual fixed costs were $$1,220,000.$ There were no

beginning or ending inventories. Output units

$5,100$

Revenues

$$3,978,000$

Direct materials

$$1,149,400$

Direct manufacturing labor

$572,900$

Fixed costs

$1,220,000$

Total costs

$$2,942,300$

Operating income

$$1,035,700$