Current Attempt in Progress Fisk Company uses a standard cost accounting system. During January, the company...

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Current Attempt in Progress Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,300 Uabor quantity variance $800 U Materials quantity variance 800 F Overhead variance 710 U 500 U Labor price variance In addition, 8,030 units of product were sold at $9 per unit. Each unit sold had a standard cost of $3. Selling and administrative expenses were $8,390 for the month. Prepare an income statement for management for the month ended January 31, 2020. I FISK COMPANY Income Statement > Current Attempt in Progress Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,300 Uabor quantity variance $800 U Materials quantity variance 800 F Overhead variance 710 U 500 U Labor price variance In addition, 8,030 units of product were sold at $9 per unit. Each unit sold had a standard cost of $3. Selling and administrative expenses were $8,390 for the month. Prepare an income statement for management for the month ended January 31, 2020. I FISK COMPANY Income Statement >