Income Statement Indicating Standard Cost Variances The following data were taken from the records of Griggs Company for December: Administrative expenses Cost of goods sold (at standard) Direct materials price variance-unfavorable Direct materials quantity variance-favorable Direct labor rate variance-favorable Direct labor time variance-unfavorable Variable factory overhead controllable variance-favorable $100,800 550,000 1,680 (560) (1,120) 490 (210) 3,080 2,940 868,000 125,000 Fixed factory overhead volume variance-unfavorable Interest expense Sales Selling expenses Prepare an income statement for presentation to Enter all amounts as positive numbers. If an amount Griggs Company Income Statement For the Month Ended December 31 Favorable Unfavorable Variances from standard cost: Check My Work 10 more Check My Work uses remaining. Assignment Score: 0.0% F6 F5 F4 esc F3 F2 F1 Prepare an income statement for presentation to management. Enter all amounts as po Griggs Company Income Statement For the Month Ended December 31 Favorable Unfavorable Variances from standard cost: Operating expenses: Other expense: Check My Work 10 more Check My Work uses remaining. Assignment Score: 0.0%