Use three-variance analysis to analyze manufacturing overhead variance. Prepare partial income statement using standard costing.

(Objs. 4, 9). Selected accounts from the adjusted general ledger accoimts of Columbus Corporation on December 31, 19X9, are as follows:

Sales Cost of Goods Sold (at Standard Cost)

Materials Quantity Variance Materials Price Variance Labor Efficiency Variance Labor Rate Variance Manufacturing Overhead Volume Variance Manufacturing Overhead Budget Variance

$287,000

$175,000 880 Unfavorable 316 Favorable 640 Unfavorable 840 Favorable 1,800 Unfavorable 490 Unfavorable Prepare a partial income statement (through Gross Profit on Sales)

for the year 19X9.