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The following data were taken from the records of Arseneault Company for December: Administrative expenses $114,100 634,000 1,830 Cost of goods sold (at standard) Direct

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The following data were taken from the records of Arseneault Company for December: Administrative expenses $114,100 634,000 1,830 Cost of goods sold (at standard) Direct materials price variance-unfavorable Direct materials quantity variance-favorable Direct labor rate variance-favorable Direct labor time variance-unfavorable Variable factory overhead controllable variance-favorable Fixed factory overhead volume variance-unfavorable (720) (1.240) 490 (250) 4,190 Interest expense 3,150 Sales 996,000 Selling expenses 136,500 Prepare an income statement for presentation to management. Enter all amounts as positive numbers except favorable variances. Use a minus sign to indicate favorable variances. If an amount box does not require an entry field, leave it blank. Arseneault Company Income Statement For the Month Ended December 31 Unfavorable Favorable Variance adjustments to gross profit at standard: Operating expenses: Other expense: D CD

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