Fisk company uses a standard cost accounting system. during january, the company reported the following manufacturing variances. materials price variance $1,200 u labor quantity variance $750 u materials quantity variance 800 f overhead variance 800 u labor price variance 550 u in addition, 8,000 units of product were sold at $8 per unit. each unit sold had a standard cost of $5. selling and administrative expenses were $8,000 for the month. prepare an income statement for management for the month ended january 31, 2020.