The standard cost income statement lists manufacturing cost, efficiency, and volume variances with credit balances in parentheses because O A. they are contra expenses and therefore increase cost of goods sold B. they are contra expenses and therefore decrease the cost of goods sold C. they are contra assets and therefore increase the cost of goods sold OD. they are contra assets and therefore decrease the cost of goods sold Mimosa, Inc., a merchandising company, has the following budgeted figures: Feb $68,000 Mar $84,000 April $94,000 Jan Sales $57,500 Cost of goods sold 50% of sales $15,000 + 25% of Required ending inventory next month's sales Inventory on hand on Jan 1 $27,500 Calculate cost of goods sold for the month of February. O A. $17,000 B. $28,750 O C. $34,000 D. $33,250