Materials price variance Labour quantity variance Materials quantity variance Overhead variance Labour price variance $3,310 U $940 U $935 F $680 U $500 U In addition, they made sales of $45,770 and incurred cost of goods sold of $23,680 at standard cost in March. Selling and administrative expenses were $15,750 for the month. Prepare an income statement for Barselona for the month ended March 31, 2020. BARSELONA INC. Income Statement For the Month Ended March 31, 2020