Income Statement with Variances $100\%$ of normal capacity. numbers use a minus sign. If an amount box does not require an entry, leave it blank..

Bellingham Company

Income Statement Through Gross Profit

For the Month Ending March $31$

$\backslash$table$[[$Sales$,,,],[$Cost of goods sold$-$at standard$],[$Gross profit$-$at standard,,,$],[,$Favorable,Unfavorable,$],[$Variances from standard cost:$],[$Direct materials price,!,$$,],[$Direct materials quantity,,,$],[$Direct labor rate,,,$],[$Direct labor time,,,$],[$Factory overhead controllable,,,$],[$Factory overhead volume,,,$],[$Net variances from standard cost,,,$],[$Gross profit,,,$]]$