Winters company uses a standard cost system. During January, the company reported the following manufacturing variances. Materials price variance - $1390 - U Materials quantity variance - $810 - F Labor Price Variance - $540 - U Labor quantity variance - $740 - U Overhead variance - $860 - U In addition, 9150 units of product were sold at $8 per unit. Each unit sold had a standard cost of $6. Selling and administrative expenses were $6700 for one month. Directions: Using the info above. Prepare an income statement for management for the month ended Jan 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 variances 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.)