Virtual Reality Company uses a standard cost accounting system. During my 2020, the company reported the following manufacturing variances: $2.000 F Material price variance Material quantity variance 2.400 U 800 U 1.2000 Labour price variance Labour quantity variance Overhead budget Overhead volume 500F 3.000 U In addition, 15.000 units of product were sold at $18 per unit. Each unit sold had a standard cost of $12. Selling and administrative expenses for the month were $10,000 Close Window Moving to another question will save this response * Question 9 of 30 Question 9 15 points Save Antwe Virtual Reality Company uses a standard cost accounting system. During January 2020, the company reported the following manufacturing variances $2.000 F 2,400 V 800 U Material price variance Material quantity variance Labour price variance Labour quantity variance Overhead budget Overhead volume 1.2000 SOOF 3.000 In addition, 15.000 units of product were sold at 518 per unit. Each unit sold had a standard cost of $12. Selling and administrative expenses for the month were $10.000 Instructions Prepare an income statement for management for the month ended January 31, 2020 TT T Arial 311700 T-E. P4 G 56 a 7:38 PM 3/13/2021 acer