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Grand Fonder, which uses a standard cost system, manufactured 20,000 boat fonders during 2026. The 2024 revenue and cost information for Grand follows Click the icon to view the revenue and cost information) Assume each fonder produced was told for the standard price of $45, and total seling and administrative costs were $150.000. Prepare a standard cost income statement for 2024 for Grand Fondor (Use a minus signor parents or any contra expenses Enteral other mounts as positive number Data Table - 1 $ 900,000 198,500 7,950 F 5,050 U Sales Revenue 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 470 U 540 F 950 U 380 F 2,140 U 4,690 U Grand Fender Standard Cost Income Statement For the Year Ended December 31, 2024 Gross Profit Operating Income (Loss)