Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,280 U Labor quantity variance $920 U Materials quantity variance 740 F Overhead variance 900 U Labor price variance 420 U In addition, 8,170 units of product were sold at $7 per unit. Each unit sold had a standard cost of $5. Selling and administrative expenses were $8,080 for the month. Prepare an income statement for management for the month ended January 31, 2020. FISK COMPANY Income Statement $ > >