The May 2016 revenue and cost information for Austin Outfitters,

The May 2016 revenue and cost information for Austin Outfitters, Inc. follows:
The May 2016 revenue and cost information for Austin Outfitters,

Prepare a standard cost income statement for management through gross profit.
Report all standard cost variances for management€™s use. Has management done a good or poor job of controlling costs? Explain.

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