Read the requirements. Requirement 1. Prepare a performance report with a flexible budget and a static budget. not select a label.) Requirement 2. Comment on the results in requirement 1. The total static-budget variance in operating income is There is a(n) total flexible-budget variance and a(n) manufactured and sold were primarily to the sales-volume variance. The sales-volume variance arises solely because actual units than the budgeted 3,200 units. The flexible-budget variance in operating income is due in unit variable costs