Verona Statuary manufactures bust statues of famous historical figures. Al statues are the same size. Each unit requires the same Click the loon to view the state budget data) Standard quarties, standard prices, and standard unit costs follow for direct materials and direct Data Table 6.300 units sure to enter in the appropriate for Expected production and sales Expected selling price per unit Totalfred costs $ 755 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 Labelcach variance as far a label.) Actual Flexible-Budget Flexible Sales-Volume Statie Results Variance Budget Variance Budget 5,800 5,000 Output units Revenues $ 4,582.000 $ 203.000F $4,379,000 5 1,500,000 Print Done $ 332.000 U Direct materials Direct manufacturing labor 50 0.000 3,150 350.000 Data Table F $324.000 957.000 1,500,000 52.761.800 $1.507.200 Total costs 1.150.000 $ 2,431.650 $ $ 2.150,350 $ 350 150 F 553,150 Operating income F Standard Guantity Standard Price Standard Unit Cost Direct materials 8 pounds 57 per pound $56 Direct manufacturing labor 3.3 hours $50 per hour $165 During 2017, number of units produced and sold was 5,800, at an average saling price of $790. Actual cost of direct materials used was $312.00, based on 64.000 pounds purchased at $5.20 per pound Direct manufacturing labor hours actually wed were 17.500, at the rate of $5422 per hour. As a resul, actual direct manufacturing labor costs were $948,650. Actual feed costs were $1,150,000. There were no beginning or ending inventories Print Done