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Tamarisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances: Materials price variance Materials quantity variance Labour price
Tamarisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances: Materials price variance Materials quantity variance Labour price variance $1,310 U 780 F 520 U Labour quantity variance Overhead variance $880 U 880U In addition, 8,200 units of product were sold at $9 per unit. Each unit sold had a standard cost of $6. Selling and administrative expenses were $7,100 for the month. Prepare an income statement for management for the month ended January 31, 2022. TAMARISK COMPANY Income Statement For the Month Ended January 31, 2022 $ For the Month Ended January 31, 2022 $ $ $
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