he static budget columns. Label each variance as favorable (F) or unfavorable the variance is zero, do not select a label.) ble Sales-Volume Static Variance Budget jet -,700 5,000 5,200 3,500 0,000 3,700 4,300 unting Milan Statuary manufactures bust statues of famous historical figures. Al status 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 state budget data) Standard quantities, standard prices, and standard unit costs follow for direct materials and direct manufacturing labor (Click the icon to view the data) Read the requirements Poniram amous historical figures. All statues he amount of resources. The for 2017: ata.) Standard quantities, standard price materials and direct manufacturing (Click the icon to view the date Read the requirements. ... Data Table 6,300 units Expected production and sales Expected selling price per unit Total fixed costs $ 740 $ 1,500,000 Print Done 0 $ 498,300 F. $1,344,300 the icon to view the data.) the static budget data.) B Data Table ramante Data Table Standard Price Standard Unit Cost Direct materials Direct manufacturing labor Standard Quantity 17 pounds 3.0 hours $8 per pound $35 per hour $136 $105 During 2017, actual number of units produced and sold was 5,700, at an average selling price of $780. Actual cost of direct materials used was $783,000, based on 72,500 pounds purchased at $10.80 per pound. Direct manufacturing labor-hours actually used were 18,000, at the rate of $32.80 per hour. As a result, actual direct manufacturing labor costs were $590,400. Actual fixed costs were $1,230,000. There were no beginning or ending inventories. Print Done