\begin{tabular}{|c|c|c|} \hline 1 & \multicolumn{2}{|l|}{ Income Statement with Variances } \\ \hline 2 & \multirow{3}{*}{ The following data is provided for Alvarado Company: } & \\ \hline 3 & & \\ \hline 4 & & \\ \hline 5 & DATA & \\ \hline 6 & Standard pounds per unit & 3.0 \\ \hline 7 & Standard price per pound & $3.00 \\ \hline 8 & Actual quantity of pounds used & 36,000 \\ \hline 9 & Units produced (sold) & 16,000 \\ \hline 10 & Actual price per pound & $3.25 \\ \hline 11 & Standard direct labor hours per unit & 3.0 \\ \hline 12 & Standard hourly rate & $19.70 \\ \hline 13 & Actual labor hours used & 61,200 \\ \hline 14 & Actual hourly rate & $19.55 \\ \hline 15 & Standard variable overhead cost per unit per direct labor hour & $0.80 \\ \hline 16 & Actual variable factory overhead & $30,070 \\ \hline 17 & Standard fixed overhead cost per unit per direct labor hour & $1.05 \\ \hline 18 & Practical capacity & 42,000 \\ \hline 19 & Selling price & $172 \\ \hline \end{tabular} 
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