Score: 0.13 of 1 pt 10 of 11 (11 complete) WP7-34 (similar to) Data Table Verona Statuary manufactures bust statues of famous historical figures. All statues amount of resources. The following information is from the static budget for 2017: (Click the icon to view the static budget data) Requirement 1. Calculate the sales volume variance and flexible-budget variance Begin with the actual results, then complete the flexible budget columns and the sta a label) Actual Flexible-Budget Flexible Results Variance Budget 5,800 5800 Output units Revenues $ 4,582,000 203000 4379000 Standard Quantity Standard Price Standard Unit Cost Direct materials 8 pounds $7 per pound $56 Direct manufacturing labor 3.3 hours $50 per hour $165 During 2017, actual number of units produced and sold was 5,800, at an average selling price of $790. Actual cost of direct materials used was $332,800, based on 64.000 pounds purchased at $520 per pound. Direct manufacturing labor hours actually used were 17.500, at the rate of $54.22 per hour. As a result, actual direct manufacturing labor costs were $948,850. Actual fixed costs were $1,150,000. There were no beginning or ending inventories. 0 Print Done F $ 8000 U 324800 Direct materials Direct manufacturing labor 332,800 948,850 1.150.000 Data Table Fixed costs Total costs $ 2,431,650 $ 2,150,350 Operating income Expected production and sales Expected selling price per unit Total fixed costs $ 6,300 units 756 1,500,000 $ Print Done