of $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity....
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of $ per direct labor hour at hours, which is of normal capacity. negative numbers use a minus sign. If an amount box does not require an entry, leave it blank. Alvarado Company Income Statement Through Gross Profit For the Month Ended March Line Item Description Sales Cost of goods soldat standard Gross profitat standard Variances from standard cost: Direct materials price Direct materials quantity Direct labor rate Direct labor time Factory overhead controllable Factory overhead volume Net variances from standard costfavorable Amount Amount Unfavorable Favorable $ $ Gross profit Previous 
of $ per direct labor hour at hours, which is of normal capacity. negative numbers use a minus sign. If an amount box does not require an entry, leave it blank.
Alvarado Company
Income Statement Through Gross Profit
For the Month Ended March
Line Item Description
Sales
Cost of goods soldat standard
Gross profitat standard
Variances from standard cost:
Direct materials price
Direct materials quantity
Direct labor rate
Direct labor time
Factory overhead controllable
Factory overhead volume
Net variances from standard costfavorable
Amount Amount Unfavorable Favorable
$ $
Gross profit
Previous
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