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please answer the highlighted cells (C) What amount of gross profit would be reported on the income statement? Direct Materials: AQ AP 200,000 $4.25 $850,000
please answer the highlighted cells
(C) What amount of gross profit would be reported on the income statement? Direct Materials: AQ AP 200,000 $4.25 $850,000 AQ SP 200,000 $4.00 $800,000 $50,000 Unf DM Price Variance AQ SP 140,000 $4.00 $560,000 SQ" SP 144,000 $4.00 $576,000 $16,000 Fav DM Quantity Variance Amount of Variance Name of Variance Unf or Fav? Direct Materials SP Direct Labor: AQ AP 92,000 $18.10 $1,665,200 AQ SP 92,000 $18.00 $1,656,000 SQ 90,000 $18.00 $1,620,000 59,200 Unf DL Rate Variance $36,000 Unf DL Efficiency Variance Amount of Variance Name of Variance Unfor Fav? Direct Labor Variable Overhead: AQ AP 175,000 $? $1,650,000 AQ SP 175,000 $10.00 $1,750,000 sa SP 162,000 $10.00 $1,620,000 $100,000 Fav VOH Rate Variance $130,000 Unf VOH Efficiency Variance Amount of Variance Name of Variance Unt or Fav? Variable Overhead Fixed Overhead: Actual $1,100,000 Budget 180,000 $6.00 $1,080,000 SQ" SP 162,000 $6.00 $972,000 $20,000 Unf FOH Spending Variance $108,000 Unf FOH Volume Variance Amount of Variance Name of Variance Unfor Fav? Fixed Overhead Step by Step Solution
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