Problem 3 (40 points) Strauss Table Company manufactures budget for 20X9 includes these data: Budgeted number of tables Budgeted selling price per table Budgeted variable costs per table Budgeted fixed costs for the year $600,000 tables for schools. The company's operating 20,000 units $100 $64 The company's actual results for 20X9 were: Number of tables produced and sold 21,000 units Selling price per table Variable costs per table Fixed costs for the year $104 $60 $570,000 Required: Calculate static-budget variance, flexible-budget variance, and sales-volume variance for operating income. Are they favorable or unfavorable? (Use contribution margin format of income statement.)