Use the following information to prepare a standard cost income statement for Whitmer Company for2015. 367,000 550,000

Use the following information to prepare a standard cost income statement for Whitmer Company for2015.

Transcribed Image Text:

367,000 550,000 Cost of Goods Sold at standard Sales Revenue at standard Direct Materials Cost Variance Direct Materials Efficiency Variance Direct Labor Cost Variance Fixed Overhead Cost Variance 18,000 F 3,400 U 12,000 F 77,000 Direct Labor Efficiency Variance Variable Overhead Efficiency Variance3 8,000 U Fixed Overhead Volume Variance 2,800 USeling and Administrative Expenses 42,000 U arable Overhead Cost Variance 700 F 1,900 F