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Question 18 of 22 18: Whispering Winds Company uses a standard cost accounting system. During January, the company reported tha following manufacturing variances: \begin{tabular}{lrlr} Materials pricevarianca & $1,410U & Labour quantity variance & $800U \\ Materials quantity varianca & 850F & Overhaad variance & 770U \\ Labour prics varianca & 400U & & \\ \hline \end{tabular} In addition, 7,100 units of product were sold at $8 per unit Each unit sold had a standard cost of $5. Selling and administrative expenses ware $7,200 for the month. Prepare an income statement for management for the month anded January 31,2022 WHISPERING WINDS COMPANY Income Statement For the Month Ended January 31, 2022