The actual operating income for our company for the current year was $97,000. The flexible budgeted operating income for actual sales volume was $95,000, and the static budget for operating income was $96,000. What is thestatic budget variancefor operating income on the Flexible Budget Performance Report?

$2,000 favorable

$2,000 unfavorable

$1,000 favorable

$1,000 unfavorable

Our company uses standard costs to prepare its flexible budget. The following information related to direct labor for the current year: Standard cost, $19.00 per hour; standard quantity, 2,080 hours; actual cost, $20.00 per hour, actual quantity, 2,000 hours. What is thedirect labor efficiency variance?

$2,000 favorable

$2,000 unfavorable

$1,520 favorable

$1,520 unfavorable