Prepare a standard cost income statement for the company's management Assume that sales were $$17.000 and actual marketing and administrative expenses were $70.500. Use a min o r parentheses for favorable variances) Chic Design is a manufacturer of large flower pots for urban settings. The company has these standards Click the icon to view the standards.) Cick the icon to view the actual results 11 Click the icon to view related variances Chic Design Standard Cost Income Statement Morth Ended Manufacturing cost variances: UF Total acturing ances Choose from any or enter any number in the input fields and then continue to the next question Chic Design is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) (Click the icon to view related variances.) Prepare a standard cost income statement for the company's $517.000 and actual marketing and administrative expenses parentheses for favorable variances.) Manufacturing cost variances: U/F Total manufacturing variances Gross profit (actual) Operating income (loss) Choose from any list or enter any number in the input fields and then continue to the next question. OSC $ s for urban settings. The company has these standards: Prepare a standard cost income statement for the company's man $517,000 and actual marketing and administrative expenses were parentheses for favorable variances.) A Data Table Direct materials (resin) 9 pounds per pot at a cost of $3.00 per pound Direct labor .5.0 hours at a cost of $17.00 per hour Standard variable manufacturing overhead rate ............$3.00 per direct labor hour Budgeted fixed manufacturing overhead ......... $41,000 Standard fixed MOH rate ....................$8.00 per direct labor hour (DLH) Chic Design allocates manufacturing overhead to production based on standard direct labor hours. The cost of goods sold at standard cost totaled $183,700. Print Done sumber in the input fields and then continue to the next question. its for urban settings. The company has these standards: Prepare a standard cost income statement for the company's mar $5.17.000 and actual marketing and administrative expenses were Data Table Last month, the company reported the following actual results for the production of 1,100 flower pots: Direct materials Purchased 10,960 pounds at a cost of $3.30 per pound; Used 10,560 pounds to produce 1,100 pots Direct labor Worked 5.5 hours per flower pot (6,050 total DLH) at a cost of $16.00 per hour Actual variable manufacturing overhead ..... $3.30 per direct labor hour for total actual variable manufacturing overhead of $19,965 Actual fixed manufacturing overhead $40,400 Standard fixed manufacturing overhead allocated based on actual production ....... $44,000 Print Done umber in the input fields and then continue to the next question. or urban settings. The company has these standards: Prepare a standard cost income statement for the company's ma $517,000 and actual marketing and administrative expenses were parentheses for favorable variances.) A Data Table Direct materials price variance Direct materials quantity variance $ 3,288 U $1,980 U Direct labor rate variance Direct labor efficiency variance Variable MOH rate variance Variable MOH efficiency variance Fixed MOH budget variance Fixed MOH volume variance $6,050 F $9,350 U $1,815 U $1,650 U $600 F $3,000 F Print Done mber in the input fields and then continue to the next