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Current Attempt in Progress Lily Company uses a standard cost accounting system. During January, the company reported the following manufacturin $1,260 U $900 U Materials
Current Attempt in Progress Lily Company uses a standard cost accounting system. During January, the company reported the following manufacturin $1,260 U $900 U Materials price variance Materials quantity variance Labor price variance Labor quantity variance Overhead variance 940 F 940 U 590 U In addition, 8,800 units of product were sold at $8 per unit. Each unit sold had a standard cost of $5. Selling and administras expenses were $8.800 for the month. Prepare an income statement for management for the month ended January 31, 2022. LILY COMPANY Income Statement SVI Prepare an income statement for management for the month ended January 31, 2022. LILY COMPANY Income Statement V
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