1. Using the following information, calculate the static budget, flexible budget and sales-volume variances: Total Sales Revenue Total Direct Materials Total Direct Labor Total Fixed Costs Volume of Production Actual $400,000 100,000 40,000 180,000 200,000 units Budget $500,000 200,000 35,000 180,000 220,000 units 2. Using the following information, calculate the static budget, flexible budget and sales-volume variances: Total Sales Revenue Total Direct Materials Total Direct Labor Total Fixed Costs Volume of Production Actual $270,000 112,000 27,500 90,000 175,200 units Budget $275,000 137,500 15,000 90,000 172,000 units