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: (Click the icon to view the static budget data) Standard quantities, standard prices, and stand (Click the icon to view the data.) Read the requirements 199500 U Requirement 1. Calculate the sales volume variance and flexible-budget variance for operating income Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 bale a label.) Actual Flexible-Budget Flexible Data Table Results Variance Budget 5,700 0 5700 Output units $ 4,503,000 Revenues 4303500 Expected production and sales 6,400 units Expected selling price per unit $ 756 Direct materials Total fuced costs $ 1.250,000 $ 783,000 Direct manufacturing labor 590,400 Fixed costs 1,230,000 Data Table Total costs $ 2,603,400 $ 1,899.600 Operating income Standard Quantity Standard Price Standard Unit Cost Direct materials 17 pounds $8 per pound $136 Direct manufacturing labor 3.0 hours $35 per hour During 2017, actual number of units produced and sold was 5,700, at an average selling price of $790. Actual cost of direct materials used was $783,000, based on 72,500 pounds purchased at $10.00 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 $105 Print Done Choose from any list or enter any number in the input fields and then click Check An