Prepare an income statement for the year ended December 31, 2012, through gross profit for Aframe Company using the following information. Assume Aframe Company sold 1,400 units at $148 per unit. (Note: Normal production is 9,000 units)

Standard: 7 yards per unit @ $7.70 per yard	Actual yards used: 9,700 yards @ $7.75 per yard
Standard: 3 hours per unit @ $13.60	Actual hours worked: 4,240 @ $13.80 per hour
Standard: Variable overhead $2.85 per unit
Standard: Fixed overhead $1.40	Actual total factory overhead $6,000
(budgeted and actual amount)

Prepare an income statement for the year ended December 31, 2012, through gross profit for Aframe Company using the following information. Assume Aframe Company sold 1,400 units at $148 per unit. (Note: Normal production is 9,000 units) Standard: 7 yards per unit @ $7.70 per yard Actual yards used: 9,700 yards @ $7.75 per yard Standard: 3 hours per unit @ $13.60 Actual hours worked: 4,240 @ $13.80 per hour Standard: Variable overhead $2.85 per unitStandard: Fixed overhead $1.40 Actual total factory overhead $6,000 (budgeted and actual amount)