Question $4(25$ marks$)$

$\backslash$table$[[$ABC uses a standard cost accounting system.,,$],[$During January the company reported the following:,,$],[$$$1,500,$F$,$Material Price Variance$],[$$$1,300,$U$,$Material Quantity Variance$],[$$$750,$U$,$Labour Price Variance$],[$$$1,300,$U$,$Labour Quantity Variance$],[$$$600,$F$,$Overhead Controllable Variance$],[$$$4,000,$U$,$Overhead Volume Variance$],[,,],[12,000,$Units were Sold,$],[$$$20,$per Unit Selling Price,$],[$$$14,$Standard Cost,$],[$$$11,000,$Selling & Administration Costs,$]]$

Instructions

Prepare an income statement for January $31,$ current year.