FlowerMate is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) (Click the icon to view related variances.) Sales revenue at actual FlowerMate Standard Cost Income Statement Month Ended Data table Prepare a standard cost income statement for the company's management. Assume that sales were $768,0 actual marketing and administrative expenses were $80,500. (Use a minus sign or parentheses for favorabl Direct materials (resin). Direct labor. Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate. 13 pounds per pot at a cost of $6.00 per pound 2.0 hours at a cost of $18.00 per hour ...$2.00 per direct labor hour $15,200 .......$6.00 per direct labor hour (DLH) FlowerMate allocates manufacturing overhead to production based on standard direct labor hours The cost of goods sold at standard cost totaled $208,000. Cost of goods sold at standard cost Manufacturing cost variances: U/F DM price variance DM quantity variance DL rate variance U U Data table F DL efficiency variance U Vanable MOH rate variance U Variable MOH efficiency variance U Fixed MOH budget variance F Direct materials. Fixed MOH volume variance F Direct labor....... Total manufacturing variances Cost of goods sold (at actual) Gross profit (actual) Help me solve this Video Get more help - Last month, the company reported the following actual results for the production of 1,600 flower pots Actual variable manufacturing overhead. Purchased 21,980 pounds at a cost of $6.10 per pound; used 21,280 pounds to produce 1,600 pots Worked 2.2 hours per flower pot (3,520 total DLH) at a cost of $17.00 per hour $2.70 per direct labor hour for total actual variable manufacturing overhead of $9,504 Actual fixed manufacturing overhead $15,000 Standard fixed manufacturing overhead allocated based on actual production. $19,200 ar all Check an Sales revenue at actual Month Endea Cost of goods sold at standard cost Manufacturing cost variances: U/F DM price variance DM quantity variance Data table U U Direct materials price variance $2,198 U Direct materials quantity variance $2,880 U DL rate variance Direct labor rate variance $3,520 F DL efficiency variance Direct labor efficiency variance $5,760 U Variable MOH rate variance Variable MOH rate variance $2,464 U Variable MOH efficiency variance U Variable MOH efficiency variance $640 U Fixed MOH budget variance F Fixed MOH budget variance Fixed MOH volume variance $200 F $4,000 F Fixed MOH volume variance Total manufacturing variances Cost of goods sold (at actual) Gross profit (actual) Marketing and administrative expenses Operating income (loss) Help me solve this Video Get more help - Print Done - X