Ceramics Etc. is a manufacturer of large flower pots for urban settings. The company has these standards.

Prepare a standard cost income statement for the companies management. Assume that sales were $588,000 and the actual marketing an administrative expenses were $79,500. (use a minus sign or parentheses for favorable variances.)

Data table Data table Last month, the company reported the following actual results for the production of 1,200 flower nots: Data table Ceramics Etc. Standard Cost Income Statement Month Ended Manufacturing cost variances: U/F Total manufacturing variances Gross profit (actual) Operating income (loss)