Steps for...posting a questionMilan 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 $2020$:

$($Click the icon to view the static budget data.$)$

Standard quantities, standard prices, and standard unit costs follow for direct materials

and direct manufacturing labor:

$($Click the icon to view the data.$)$

Read the requirements.

Requirement $1.$ Calculate the sales$-$volume variance and flexible$-$budget variance for operating income.

Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable $(F)$ or unfavorable $(U).($For variances with a $$0$ balance,

make sure to enter $"0"$ in the appropriate field. If the variance is zero, do not select a label.$)$