Monza Stary manufactures bust states of famous historical figures. Al usare the same size. Each unit requires the same amount of resources Standard quarties, standard prions, and standard sit costs follow for direct The following information is from the static budget for 2017: Click the icon to view the data) (Click the icon to view the state budget data) Read the requirements 20,000 F Requirement 1. Calculate the sales volume variance and flexible-budget variance for operating income Begin with the actual results, the complete the flexible budget columns and the sale budget columns Labelach variance as favorable or unfavorable (U). For variances with a balance, make sure to enter in the appropria Actual Flexible-Budget Flexible Sales-Volume Results Variance Data Table Budget Variance Budget 5,700 Output units 5,700 700 Revenues $ 4.503.000 $ 199,500 F $4303.500 $ 528.500 U$ 4,832.000 Expected production and sales 6.400 units Expected selling price per unit $ 755 Direct materials $ 780,000 $ 7.800 U $ 775,200 $ 95.200 F $ 870,400 Totaled costs $ 1.250,000 Direct manufacturing labor 590,400 8,100 F 590,500 73,500 F 672.000 Fld costs 1,230 000 1.250,000 0 1.250,000 Print Done Total costs $ 2,603 400 $ 20.300F 52523,700 S 168.700 F $ 2792.400 $ 1.890.000 $ 219.000 F Operating 359,800 ome 1.679.800 $ $ 2.000.000 Data Table Requirement 2. Compute price and efficiency variances for direct materials and direct manufacturing labor Compute the price and efficiency variances for direct materials. Labelcach variance as favorable (F) or unfavorable Standard Quantity Standard Price Standard Unit Cost Price variance Direct materials 17 pounds 58 per pound $136 Emiciency variance Direct manufacturing labor 3.0 hours $35 per hour $105 During 2017, actual number of units produced and sold was 5,700, an average selling price of $790. Achal 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 $50,400. Actual feed costs were $1.230,000. There were no beginning or ending Inventories. Print Done