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The May 2018 revenue and cost information for Denver Outfitters, Inc. follows: (Click the icon to view the revenue and cost information.) Prepare a standard cost income statement for management through gross profit. Report all standard cost variances for management's use. Has management done a good or poor job of controlling costs? Explain. (Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.) Standard Cost Income Statement For the Month Ended May 31, 2018 i Data Table - X Sales Revenue (at standard) $ 550,000 Cost of Goods Sold (at standard) 340,000 Direct Materials Cost Variance 1,400 F Direct Materials Efficiency Variance 6,200 F Direct Labor Cost Variance 4,300 U Direct Labor Efficiency Variance 2,500 F Variable Overhead Cost Variance 3,200 U Variable Overhead Efficiency Variance 1,300 U Fixed Overhead Cost Variance 1,400 U Fixed Overhead Volume Variance 8,400 F Print Done Gross Profit Choose from any list or enter any number in the input fields and then continue to the next question.Has management done a good or poor job of controlling costs? Explain. Overall, Denver Outfitters management appears to have done a job at controlling costs. Total manufacturing variances are