Winters Company uses a standard cost system. During January, the company reported the following manufacturing variances.

Materials price variance	$1,490 U		Labor quantity variance	$ 730 U
Materials quantity variance	780 F		Overhead variance	880 U
Labor price variance	590 U

In addition, 9,010 units of product were sold at $9.00 per unit. Each unit sold had a standard cost of $6.00. Selling and administrative expenses were $6,200 for the month.

Prepare an income statement for management for the month ended January 31, 2011. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. For favorable variance use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Enter all other amounts as positive amounts and subtract where necessary.)

WINTERS COMPANY
Income Statement
For the Month Ended January 31, 2011
Sales		$
Cost of goods sold
Gross profit (at standard)
Variances
Materials Price	$
Materials quantity
Labor price
Labor quantity
Overhead
Total variance - (favorable or unfavorable?)
Gross profit (actual)
Selling and administrative expenses
Net income		$