The May 2024 revenue and cost information for Hartford Outfitters, Inc. follows: (Click the icon to view the revenue and cost information.) Prepare a standard cost income statement for management through gross profit. Report all standard 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. Enter all other amounts as positive numbers.) Gross Profit $ 560,000 Sales Revenue (at standard) Cost of Goods Sold (at standard) 341,000 Direct Materials Cost Variance 900 F 6,200 F Direct Materials Efficiency Variance Direct Labor Cost Variance 4,100 U Direct Labor Efficiency Variance 2,500 F Variable Overhead Cost Variance 3,000 U 900 U Variable Overhead Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance 2,100 U 8,000 F Print Done