help me thnku eBookShow Me HowPrint temBellingham Company produces a product that requires 2.5 standard pounds per unit at a standard price of $3.75 per pound. The company used 36,000 pounds to produce15,000 units, which were purchased at $4.00 per pound. Each unit requires 4 standard direct labor hours per unit at a standard hourly rate of $20 per hout. For the15,000 units produced, 61,800 hours were needed and employees were paid an hourly rate of $19.85 per hour. The company uses a standard variable overhead cost perunit of $0.90 per direct labor hour. Actual vartable factory overhead was $52,770. The company uses a standard fived overhead cost per unit of $1.15 per direct laborhour at 58,000 hours, which is 100% of normal capacity.Prepare an income statement through gross profit for Bellingham Company for the month ending March 31. Assume Bellingham sold 15,000 units at $172 per unit. Forthose boxes in which you must enter subtractive or negative numbers use a minus sign. If an amount box does not require an entry, leave it blankBellingham CompanyIncome Statement Through Gross ProfitFor the Month Ending March 31SalesCost of goods sold-at standardGross profit-at standardFavorable UnfavorableVarlances from standard custDirect matertals pricebirect materials quantityDirect labor rateDirect iebor timeFactory everhead contrulableFectory overhead volumeNet varanoes from standard unt tavorableGross proft

The question is based on the concept of Financial Management.

Bellingham Company produces a product that requires 2.5 standard pounds per unit at a standard price of $3.75 per pound. The company used 36,000 pounds to produce 15,000 units, which were purchased at $4.00 per pound. Each unit requires 4 standard direct labor hours per unit at a standard hourly rate of $20 per hour For the 15,000 units produced, 61,800 hours were needed and employees were paid an hourly rate of $19.85 per hour. The company uses a standard variable overhead cost per unit of $0.90 per direct labor hour. Actual vartable factory overhead was $52,770. The company uses a standard fxed everhead cost per unit of $1.15 per direct labor hour at 58,000 hours, which is 100% of normal capacty Prepare an income statement through gross profit for Belingham Company for the month ending March 31. Assume Belingham sold 15,000 units at $172 per unit. For those boxes in which you must enter subtractive or negative numbers use a minus sign. If an amount bax does hot require an entry, leave it blank Bellingham Company