QUESTION 1 Questions 1-6 are based on the following information: Emerald 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 Expected production and sales Expected selling price per unit Total fixed costs 7,000 units $680 $1,400,000 Standard quantities, standard prices, and standard unit costs follow for direct materials and direct manufacturing labor. Standard Quantity Direct matenals Direct labor 10 pounds 3.7 hours Standard Price 8 per pound 50 per hour Standard Unit Cost 80 185 During 2020, the actual number of units produced and sold was 4,800, at an average selling price of $720. The actual cost of direct materials used was $392,700, based on 66,000 pounds (AQ) purchased at $5.95 (AP) per pound. Direct manufacturing labor-hours actually used were 18.300(AQ), at the rate of $48 (AP or AR) per hour. As a result, actual direct manufacturing labor costs were $878,400. Actual fixed costs were $1,170,000. There were no beginning or ending inventories. What is the flexible budget revenue? OA $3,500,500 OB $3,905,000 OC $3,264,000 On $3,605,000 10 poins