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The May 2018 revenue and cost information for Seattle Outfitters, Inc. follows: (Click the icon to view the revenue and cost information) Prepare a standard cost income statement for management through gross profit. Report all standard cost variances for management's use. Has management done a good or poor job of controlling costs? Explain. (Use a minus sign or parentheses to enter any contra expenses. Enter al other amounts as positive numbers) Seattle Outfitters, Inc. Standard Cost Income Statement For the Month Ended May 31, 2018 Gross Profit Hamamatsminister van Choose from any list or enter any number in the input fields and then continue to the next question. Has management done a good or poor job of controlling costs? Explain. Overall, Seattle Outfitters management appears to have done a job at controlling costs. Total manufacturing variances are good poor Choose from any list or enter any number in the input fields a me to the next question O Type here to search Overall, Seattle Outfitters management appears to have done a job at controlling costs. Total manufacturing variances are Up ne or enter any number in the input fields and then continue to the next question Mate como a Bor O Type here to search Data Table Sales Revenue (at standard) Cost of Goods Sold (at standard) Direct Materials Cost Variance Direct Materials Efficiency Variance Direct Labor Cost Variance Direct Labor Efficiency Variance Variable Overhead Cost Variance Variable Overhead Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance $ 590,000 347,000 800 F 5,900 F 4,700 U 2,200 F 3,600 U 800 U 1,000 U 8,700 F and orn Print Done nter any search

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