the following data were taken from the records of nomad company for march 2008 666040

Administrative expenses

$ 58,000

Cost of goods sold (at standard)

885,500

Direct materials price variance—favorable

1,800

Direct materials quantity variance—unfavorable

2,250

Direct labor rate variance—favorable

900

Direct labor time variance—unfavorable

3,950

Variable factory overhead controllable variance—favorable

4,625

Fixed factory overhead volume variance—unfavorable

11,000

Interest expense

1,800

Sales

1,150,000

Selling expenses

119,325