Monza Statuary manufactures bust statues of famous historical figures. All statues are the same size. Each unit requires the same amount of resources. The following information is from the static budget for 2017.

Table Data

Expected production and sales 6,400 units

Expected selling price per unit $720

Total fixed costs $1,350,000

Direct materials	15 pounds	$10 per pound	$150
Direct manufacturing labor	3.3 hours	$50 per hour	$165

During 2017, actual number of units produced and sold was 4 comma 9004,900, at an average selling price of $ 740$740. Actual cost of direct materials used was $ 743 comma 750$743,750, based on 62 comma 50062,500 pounds purchased at $ 11.9 $11.90 per pound. Direct manufacturing labor-hours actually used were 19 comma 50019,500, at the rate of $ 41.00$41.00 per hour. As a result, actual direct manufacturing labor costs were $ 799 comma 500$799,500. Actual fixed costs were $ 1 comma 220 comma 000$1,220,000. There were no beginning or ending inventories

Requirement

1.	Calculate the sales-volume variance and flexible-budget variance for operating income.
2.	Compute price and efficiency variances for direct materials and direct manufacturing labor.