Emerald Statuary manufactures bust statues of famous historical figures. All statues are the same size. Each unit Standard quantities, standard pice requires the same amount of resources. The following information is from the static budget for 2017 labor ?(click the icon to vew the data Read the requirements EB (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 statie budget columns. Label each variance as favorable (F) or unfavorable appropriate field. If the varance is zero, do not select a label.) Actual Flexible-Budget Flexible Sales-Volume Static Budget Results Variance Variance Budget Output units Revenues Direct materials Direct manufacturing labor F oxed costs Choose trom any list or enter any number in the input fielas and then continue to the next questiorn