Genoa Statuary manutactures bust statues of famous historical figures. Al statues are the same size. Eoch unt requires the same amount of resources. The following infocrnation is from the static tudget foe 2020 . (Click the icon 10 view the stabic budget data) Standard quanttiles, standard prices, and standard init costs follow for dieet materiais and direct manidacturing labor: (Click the icon to view the data). Read the ceavitements Data table Data table During 2020, sctual number of units produced and sold was 5,700, at an average selling price of \$730. Actual cost of diect moterials used was $1,193,100 ( 61,500 pounds at $19,40 por pound) Actual derect manuifacturing labor costs were $658,800 (18,000 actual direct manufacturing laborhours at $3960 per hour). Actual fored costs wore $1,160,000. There were ne beginning of ending imentories. Requirement 1. Calculate the sales-votume variance and flexoble-budget variance for operating income. Begin with the actual results, then complete the fexible budget columns and the stabie budget columns. Label esch varlance as favorable (F) or untavorable (U) (For variances with a 50 balance. make sure to enter " O " in the appropriate field. If the variance is zero, do not select a tabel.) Hequirement 2. Compule price and efficiency varances for drect materials and direct mandacturing labor