Naples Statuary manufactures bust statues of famous historical figures. All statues Standard quantities, standard prices, and standard unit costs follow for are the same size. Each unit requires the same amount of resources. The : direct materials and direct manufacturing labor: following information is from the static budget for 2020 : (Click the icon to view the data.) (Click the icon to view the static budget data.) Read the requirements. Data table Data table During 2020, actual number of units produced and sold was 4,800 , at an average selling price of $740. Actual cost of direct materials used was $392,700(66,000 pounds at $5.95 per pound) Actual direct manufacturing labor costs were $878,400(18,300 actual direct manufacturing labor-hours at $48.00 per hour). Actual fixed costs were $1,220,000. There were no beginning or ending inventories. Requirements 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