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Winters Company - Preparation of an income statement

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Winters Company uses a standard cost system. During January, the company reported the following manufacturing variances.
Materials price variance $1,480 U Labor quantity variance $ 790 U
Materials quantity variance 760 F Overhead variance 840 U
Labor price variance 620 U
In addition, 9,160 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 $8,000 for the month.
Prepare an income statement for management for the month ended January 31, 2011.

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Winters Company uses a standard cost system. During January, the company reported the following manufacturing variances.
Materials price variance $1,480 U Labor quantity variance $ 790 U
Materials quantity variance 760 F Overhead variance 840 U
Labor price variance 620 U
In addition, 9,160 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 $8,000 for the month.
Prepare an income statement for management for the month ended January 31, 2011.

$2.19