Naples 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 2020: (Click the icon to view the static budget data.) Standard quantities, standard prices, and standard unit costs follow for direct materials and direct manufacturing labor: (Click the icon to view the data.) Read the requirements. Data Table 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 vari in the appropriate field. If the variance is zero, do not select a label.) ke sure to enter "O 6,400 units Actual Results Expected production and sales Expected selling price per unit Total fixed costs $ 665 $1,300,000 Output units Revenues X Data Table Direct materials Direct manufacturing labor Fixed costs Standard Quantity 16 pounds 3.9 hours Standard Price $13 per pound $30 per hour Standard Unit Cost $208 Direct materials Direct manufacturing labor Total costs $117 Operating income During 2020, actual number of units produced and sold was 5,700, at an average selling price of $710. Actual cost of direct materials used was $1,193,100 (61,500 pounds at $19.40 per pound). Actual direct manufacturing labor costs were $658,800 (18,000 actual direct manufacturing labor-hours at $36.60 per hour). Actual fixed costs were $1,200,000. There were no beginning or ending inventories. Help Me Solve This e Text Pages Get More Help