Moss manulactures coffee mugs that it solis to other companies for customizing with their own logos. B8 (Cick the icon to view the cost data.) Actual cost and production information for July 2024 follows: (1) (Cick the icon to view actual cost and production informasion,) Moss's standard and netual sales price per mug is $3. (Cick the icon to viow variancos.) Moss Standard Cost Income 5tatement For the Month Ended July 31, 2024 to view the cost data.) oduction information for July 2024 follows: (Click the icon to view variance (Click the icon to view journal Data table Moss 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 burnat unluma of 59 80 raffea muas ner month: roduction information for July 2024 follows: in to view actual cost and production information.) and actual sales price per mug is $3. Prepare the standard costing income st parentheses to enter any contra expen: amounis as positive numbers.) More info a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,500 coffee mugs. c. Actual direct materials usage was 11,000lbs. at an actual cost of $0.17 per lb. d. Actual direct labor usage was 197,000 minutes at a total cost of $25,610. e. Actual overhead cost was $10,835 variable and $29,765 fixed. f. Selling and administrative costs were $95,000. Reference Reference Reference Moss Standard Cost Income Statement For the Month Ended July 31, 2024 Gross Profit Operating Income (Loss)