Income statement with variances Betilngham Compary produces a product that requires 2.5 standard pounds per unit at a standard price of $3.35 per pound. Assume Bellingham cold 19,000 unite at $172 per unit. The company used 34,000 pounds to produce 19,000 units, which were purchased at $3.60 per pound. Each unit requires 3 standard direct labor hours per unit at a standard hourly rate of $20.05 per hour. For the 19,000 units produced, 62,600 hours were needed and employees were paid an hourly rate of 519.90 per hour. The company uses a standard variable overhead cost per unit of $0.80 per direct labor hour. Actual variable factory overhead was $33,590. The company uses a standard fixed overhead cost per unit of $1,05 per direct labor hour at 41,000 hours, which is 1005 of normal capacity. This information has been colected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Prepare an income statement through gross profit for Bellingham Company for the month ending March 31. For those boxes in which you must enter subtractive or negative mumbers use a minus sign. If an amount box does not-require an entry, leave it blank