Income statement with variances\ Instructions Income Statement\ Instructions company uses a standard fixed overhead cost per unit of

$2.00

per direct labor hour at 55,000 hours, which is

100%

of normal capacity.\ Prepare an income statement through gross profit for Alvarado Company for the month ended March 31. Assume Alvarado sold 8,000 units at

$250

per unit.

Income statement with variances Instructions company uses a standard fixed overhead cost per unit of $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Prepare an income statement through gross profit for Alvarado Company for the month ended March 31. Assume Alvarado sold 8,000 units at $250 per unit