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Use the following information to prepare a standard cost income statement for Mitchell Company for 2 0 1 8 . ( Use a minus sign
Use the following information to prepare a standard cost income statement for Mitchell Company for Use a minus sign or parentheses to enter any contra expenses. Enter all other amounts as positive numbers.
Cost of Goods Sold at standard
$
Direct Labor Efficiency Variance
$ F
Sales Revenue at standard
Variable Overhead Efficiency Variance
U
Direct Materials Cost Variance
U
Fixed Overhead Volume Variance
F
Direct Materials Efficiency Variance
U
Selling and Administrative Expenses
Direct Labor Cost Variance
U
Variable Overhead Cost Variance
F
Fixed Overhead Cost Variance
F
Mitchell Company
Standard Cost Income Statement
For the Year Ended December
Gross Profit
Operating Income
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