Income Statement indicating Standard Cost Variances The following cats were taken from the records of Ongos Company for December Administrative Cost of goods sold (or standard) Direct materials price variance vorable Direct material quantity vanance favorable Direct laborate variance favorable Direct Inbor time variance unfavorable Variable factory overhead controllatie variance-favorable Fixed factory overhead volume vanance.unfavorable Interest expense $100,000 550,000 1.680 (560) (1,120) 490 (210) 3,000 2,940 0.000 Selling penses Precare an income statement for presentation to management inter afvorable variante as negative number minus in and an unfavorable as a powtive number In amount does not requirementry levek Grigos Company Inc Statement For the Month Ended December 31 eBook Printem Unfavorable Favorable Variances from standard cost Operating expen Total operating expenses Other