Save 5 of 5 (0 complete) HW Score: 0%, 0 of 100 pts Homework: ACC-260 Topic 4 Assignment Score: 0 of 20 pts E23-22 (similar to) The May 2018 revenue and cost information for Houston Outfitters, Inc. follows: (Click the icon to view the revenue and cost information) Question Help 0 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.) nouston Vutiers, inc. Standard Cost Income Statement For the Month Ended May 31, 2018 i Data Table S 560.000 347.000 900 F 5,900 F 4,500 u Sales Revenue (at standard) Cost of Goods Sold (at standard) Direct Materials Cost Variance Direct Materials Efficiency Variance Direct Labor Cost Variance Direct Labor Efficiency Variance Variable Overhead Cost Variance Variable Overhead Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance 2.000 F 3,200 U B00U 1,100 U 8,700 F Gross Profit Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 1 part ramaining Clear All Check