K Moss manufactures coffee mugs that it sells to other companies for customizing with their own logos (Click the icon to view the cost data) Actual cost and production information for July 2024 follows: (Click the icon to view actual cost and production information.) Moss's standard and actual sales price per mug is $3. Gross Profit Etext pages Get more help. Moss Standard Cost Income Statement For the Month Ended July 31, 2024 Su Moss calculated the following variances and recorded the following entries for July 2024. (Click the icon to view variances.) (Click the icon to view journal entries.) Prepare the standard costing income statement for July 2024. (Use a minus sign or parentheses to enter any contra expenses and/or an operating loss. Enter all other amounts as Reference Date Jul Jul Jul. Jul Jul Jul. Accounts and Explanation Raw Materials Inventory Direct Materials Cost Variance Accounts Payable Purchased direct materials Work-in-Process Inventory Direct Materials Efficiency Variance Raw Materials Inventory Used direct materials. Work-in-Process Inventory Direct Labor Cost Variance Direct Labor Efficiency Variance Wages Payable Direct labor costs incurred Manufacturing Overhead Various Accounts Manufacturing overhead costs incurred Work-in-Process Inventory Manufacturing Overhead Manufactuning overhead costs allocated. Finished Goods Inventory Work-in-Process Inventory Debit 2,750 3,125 20,625 3,940 1,045 40,600 5,625 59,375 Credit 880 1,870 375 2,750 25,610 40,600 35,625 59,375

Moss caloulated the followhy varianits and recerdsd the falowing entries bor Why 2024 (Cloc the icon to veles variances) (Click the kon to view poumal ontins) Prepart the standerd costing inceme statement for Mr 2024 fose a minus sign or pacenthese Reference