The May 2018 revenue and cost information for Seattle Outfitters, Inc. follows: E(Click the icon to view the revenue and oost infomation.) Prepare a standard cost income staternent for maragernent through gross profit Report all slandard 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. Eniter other armounts as positive riurmbers.) X Seattle Outfitters, Inc. Data Table Standard Cost Income Statement For the Month Ended May 31, 2018 Sales Revenue (at standard) 540,000 Cost of Goods Sold (at standard) 349.000 Direct Materials Cost Variance 600 P Direct Materials Efficiency Variance 6,300 F Direct Labor Cost Variance 4,800 U Direct Labor Eficiency Variance 1.900 F Variable Overhead Cost Variance 3.500 U Variable Overhoad Efficiency Variance 1.500 U Fixed Overtead Cost Varianoe 1.500 U Fixed Overhead Volume Variance 7.900 F Print Done Gross Profit Has management done a good or poor job of contralling costs? Explain. Overall, Seattle Outfitiers management appears to have done a job at controlling costs. Toal manufacturing variances are