Swifty Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,260 U Labor quantity variance $760 U Materials quantity variance 720 F Overhead variance 710 U Labor price variance 540 U In addition, 8,660 units of product were sold at $8 per unit. Each unit sold had a standard cost of $5. Selling and administrative expenses were $8,020 for the month. Prepare an income statement for management for the month ended January 31, 2022. SWIFTY COMPANY Income Statement Income Statement