Score: 0 of 3 pts 11 of 11 (9 complete) HYV Score: 77.96%' 23.39 of 30 pts E11-32A (book/static) Question Help Country Designs is a manufacturer of large flower pots for urban settings. The company has these standards: Prepare a standard cost income statement for the company's management. Assume that sales were $650,000 and actual marketing and administrative expenses were $78,000(Use a minus sign or parentheses for favorable variances.) (Click the icon to view the standards) EEB (Click the icon to view the actual results.) (Click the icon to view related variances.) Data Table Month Ended 650000 Sales revenue at actual Cost of goods sold at standard cost Manufacturing cost variances: UF Direct materlals (resln) 13 pounds per pot at a cost of $4.00 244400 per pound DM price varlance DM quantity variance DL rate variance DL efficiency variance Variable MOH rate variance ariable MOH efficiency variance Fixed MOH budget variance Fixed MOH volume variance Total manufacturing variances 9255 U Direct labor 4.0 hours at a coet of $17.00 per hour Standard variable manufacturing (5850 1050 U 1170 U 4550 U (500)F 2000F overhesd rate Budgeted fixed manufacturing overhead Standard fixed MOH rate Country Designs allocates manufacturing overhead to production based on standard direct labor $7.00 per direct labor hour 550,000 510.00 per direct labor hour (DLH) hours. The cost of goods sold at standard cost totaled S244,400 Print Done Cost of goods sold (at actual) Gross profit (actual) Marketing and administrative expenses Operating income (loss) Data Table Last month, the company reported the following actual results for the production of 1,300 flower pots: Direct materials $4.50 per pound; Used 17,810 pounds to produce 1,300 pots . .. . . . . . . . . . . . . . .. . . . . . . Worked 4.5 hours per flower pot (5,850 total DLH) at a cost of $16.00 per hour Actual variable manufacturing overhead. . . . $7.20 per direct labor hour for total actual variable manufacturing overhead of $42,120 Actual fixed manufacturing overhead .. . . .. . $49,500 Standard fixed manufacturing overhead Print Done Data Table $9,255 U $3,640 U Direct materials price variance Direct materials quantity variance Direct labor rate variance Direct labor efficiency variance Variable MOH rate variance Variable MOH efficiency variance Fixed MOH budget variance Fixed MOH volume variance $5,850 F $11,050 U $1,170 U $4,550 U $500 F $2,000 F Print Done