Bacoli 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 2017: (Click the icon to view the static budget data.) Requirement 1. Calculate the sales-volume variance and flexible-budget variance for operating income. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable not select a label.) Output units Revenues Direct materials Direct manufacturing labor Fixed costs Total costs. Operating income Actual Flexible-Budget Flexible Results Variance Budget Sales-Volume Variance Static Budget