Question: Says my answer is wrong but everything else shows I'm right i am confused. Income Statement Indicating Standard Cost Variances The following data were taken


Says my answer is wrong but everything else shows I'm right i am confused.
Income Statement Indicating Standard Cost Variances The following data were taken from the records of Griggs Company for December: Administrative expenses $100,800 550,000 Cost of goods sold (at standard) Direct materials price variance-unfavorable Direct materials quantity variance-favorable 1,680 (560) Direct labor rate variance-favorable (1,120) Direct labor time variance-unfavorable 490 Variable factory overhead controllable variance-favorable (210) Fixed factory overhead volume variance-unfavorable 3,080 Interest expense 2,940 Sales 868,000 Selling expenses 125,000 Prepare an income statement for presentation to management. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an amount box does not require an entry leave it blank. Prepare an income statement for presentation to management. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an amount box does not require an entry leave it blank. Griggs Company Income Statement For the Month Ended December 31 Sales 868.000 Cost of goods sold-at standard 550,000 Gross profit-at standard 318,000 Unfavorable Favorable Variances from standard cost: Direct materials price 1,680 X Direct materials quantity 560 Direct labor rate 1,120 Direct labor time 490 Variable factory overhead controllable 210 x Fixed factory overhead volume 3,080 X Net variance from standard cost-unfavorable 3,360 Gross profit 314,640 Operating expenses: Selling expenses 125,000 Administrative expenses 100.800 225,800 Total operating expenses Income from operations 88,840 Other expense: Interest expense 2,940 Operating income 85,900
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