Bellingham Company produces a product that requires 2.5 standard pounds per unit at a standard price of $3.25 per pound. Assume Bellingham sold 15,000 units at $170 per unit. The company used 33,000 pounds to produce 15,000 units, which were purchased at $3.50 per pound. Each unit requires 4 standard direct labor hours per unit at a standard hourly rate of $19.85 per hour. For the 15,000 units produced, 64 , 000 hours were needed and employees were paid an hourly rate of $19.70 per hour. The company -uses a standard variable overhead cost per unit of $0.80 per direct labor houf. Actual variable factory overhead was $35,320. The company uses a standard fixed overhead cost per unit of $1.05 per direct labor hour at 58,000 hours, which is 100 of normat capacity. Thls information bas been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheot Prepare an income statement through gross profit for Bellingham Company for the month ending March 31 . For those boxes in which you must enter. subtractive or negative numbers use a minus sign. If an amount box does not requifre an entry, leave it blank. Bellingham Company Income Statement Through Gross Profit For the Month Ended March 31 Sales Cost of goods sold - at standard Gross profit - at standard Favorable Unfavorable Variances from standard cost