Juda Standard Cost Income Statement For the Month Ended July 31, 2018 Sales Revenue Cost of Goods Sold at standard Manufacturing Cost Variances: Direct Materials Cost Variance Direct Labor Efficiency Variance Direct Labor Cost Variance Direct Labor Efficiency Variance Variable Overhead Cost Variance Variable Overhead Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance Total Manufacturing Cost Variances Cost of Goods Sold at actual Gross Profit Selling and Administrative Expenses Operating Income (Loss) Data table Juda prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 60,100 coffee mugs per month: Reference Reference Juda Standard Cost Income Statement For the Month Ended July 31, 2018 Sales Revenue Cost of Goods Sold at standard Manufacturing Cost Variances: Direct Materials Cost Variance Direct Labor Efficiency Variance Direct Labor Cost Variance Direct Labor Efficiency Variance Variable Overhead Cost Variance Variable Overhead Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance Total Manufacturing Cost Variances Cost of Goods Sold at actual Gross Profit Selling and Administrative Expenses Operating Income (Loss) Data table Juda prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 60,100 coffee mugs per month: Reference Reference