Milan Statuary manufactures bust statues of famous historical figures. All statues are the same size. Each unit requires the same

Standard quantities, standard prices, and standard unit costs follow for direct materials and direct manufacturing labor:

amount of resources. The following information is from the static budget for $2020$:

Requirement $1.$ Calculate the sales$-$volume variance and flexible$-$budget variance for operating income. select a label.$)$

Actual