Belingham Compary produces a product that requires 2.5 standard pounds per unit at a standard price of 5375 per pound. The company used 36,000 pounds to produce 15,000 units, Which were purchased at $4,00 per pound. Each unit requires 4 standard direct labor hours per unit at a standard houity rate of $20 per hour For the 15,000 units produced, 61,800 hours were needed and employees were pald an hounty rate of $19.85 per hour The company uses a standard variable overhead cost per unit of $0.90 per direct labor hour Actual variable factory overhead was $52.770. The company uses a standard foced overhead cost per unt of $1.15 per direct labor hour at 58,000 hours, which is 100% of normal capacty. Required: Prepare an income statemert through gross pront for Eeningham Campary for the month ending Macch 31 , Assume Belingham sold 15,000 units at 5172 per unit Enter a favoruble variance as a negatve number using a munus aggn and an unfavarabo voriance at a positve number varionce as a negatie number using a mnus tign ond an infavorable varance as a postive number