Winters Company uses a standard cost accounting system. During January the company reported the following manufacturing variances. Materials price variance $1,250 U Labor quantity variance $775 U Materials quantity variance 700 F Overhead variance 800 U Labor price variance 525 U In addition, 8,000 units of product were sold at $8.00 per unit. Each unit sold had a standard cost of $6.00. selling and administrative expenses were $6,000 for the month