FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Current Attempt In Progress Sunland Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,230 U Labor quantity variance $770 U Materials quantity variance 780 F Overhead variance 700 U Labor price variance 540 U In addition, 8,650 units of product were sold at $8 per unit. Each unit expenses were $7,040 for the month. had a standard cost of $3. Selling and administrative 2 Prepare an income statement for management for the month ended January 31, 2025. $ SUNLAND COMPANY Income Statement January 31, 2025
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Transcribed Image Text:Current Attempt In Progress Sunland Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,230 U Labor quantity variance $770 U Materials quantity variance 780 F Overhead variance 700 U Labor price variance 540 U In addition, 8,650 units of product were sold at $8 per unit. Each unit expenses were $7,040 for the month. had a standard cost of $3. Selling and administrative 2 Prepare an income statement for management for the month ended January 31, 2025. $ SUNLAND COMPANY Income Statement January 31, 2025
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