Req $-$ Prepare KnowFi$\text{'}$s static budget of operating income for the third quarter of $2020.$

$2.$

Prepare an analysis of variances for the third quarter of $2020$; identify the sales volume and flexible budget variances for operating income.

$3.$

Compute the professional labor price and efficiency variances for the third quarter of $2020.$

$4.$

What factors would you consider in evaluating the effectiveness of professional labor in the third quarter of $2020?$