Question: Help with C please :) (c) Prepare an income statement for management. (Ignore income taxes.) (Round per unit values to 2 decimal places, e.g. 52.75
Help with C please :)



(c) Prepare an income statement for management. (Ignore income taxes.) (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) CRANE CORPORATION Income Statement $ $ Crane Corporation accumulates the following data relative to jobs started and finished during the month of June 2025. Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $458,000. Selling and administrative expenses were $35,700. Assume that the amount of raw materials purchased equaled the amount used. Your answer is correct. Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) (1) Total materials variance Materials price variance Materials quantity variance (2) Total laborvariance Labor price variance Labor quantity variance $ $10500 $ Unfavorable Unfavorable Unfavorable Unfavorable Unfavorable Favorable eTextbook and Media List of Accounts Attempts: 1 of 2 used (b) Your answer is correct. Compute the total overhead variance. Total overhead variance $ 4000 Favorable
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