Palermo 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

Requirement $1.$ Calculate the sales$-$volume variance and flexible$-$budget variance for operating income. variance is zero, do not select a label.$)$Palermo 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

Requirement $1.$ Calculate the sales$-$volume variance and flexible$-$budget variance for operating income. variance is zero, do not select a label.$)$