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Take me to the text Using the following information, calculate the static budget, flexible budget and sales-volume variances: Actual Budget Total Sales Revenue $880,000 $811,500 Total Direct Materials $95,000 $ 105,000 Total Direct Labor $53,000 $74,000 Total Fixed Costs $180,000 $180,000 Volume of Production 208,000 units 275,000 units Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Enter all variances as positive values. Actual Income: $ Budgeted Income: $ Budgeted CM per unit: $ Flexible Budget Income: $ Static-budget Variance: $ Favorable + Flexible Budget Variance: $ Favorable + Sales-volume Variance: $ Unfavorable + Check Note: The "check" button does not submit your attempt. To submit the attempt, go to the end of the quiz and click on the Partially correct