*Exercise 11-16 Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance 1,270 U Labor quantity variance $780 U Materials quantity variance 710 F Overhead variance Labor price variance 890 U 550 U In addition, 8,760 units of product were sold at $9 per unit. Each unit sold had a standard cost of $3. Selling and administrative expenses were $8,400 for the month Prepare an income statement for management for the month ended January 31, 2020. FISK COMPANY Income Statement Question Attempts: 0 of 3 used